We recently published 13 Latest Stocks on Jim Cramer’s Radar. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
Due to its key role in the eCommerce and cloud computing industries and market value, Amazon.com, Inc. (NASDAQ:AMZN) is a regular feature of Cramer’s morning and evening coverage. One theme that the CNBC TV host caught on to after the firm’s second quarter earnings was a dip in cloud sales that Cramer initially believed might have been due to the firm relying on its in-house AI chips. However, he then changed tack and remarked that perhaps Amazon.com, Inc. (NASDAQ:AMZN) was right in evaluating the costs of AI chip performance as well. This time, he discussed how the firm’s eCommerce dominance was shaping investors’ minds:
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“One of the things that I think that people forget, is that there are brick-and-mortar companies that know how to do the food business. And one of the reasons why they forget David is that there’s a lot of talk about Amazon. And the Amazon initiative and how big it’s going to be. So I think that you’re going to see, let’s say the American people are going to be treated to both Kroger and Amazon delivering goods. I don’t know who wins, but I’ve got tell you, Amazon, that stock was down very badly yesterday and people are rallying and immediately buying it.”
While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
