Jim Cramer Discusses These 10 Stocks & Comments On OpenAI’s Valuation

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders In Q3 2024: 286

Amazon.com, Inc. (NASDAQ:AMZN) is the cloud computing and eCommerce giant that depends on eCommerce sales growth and robust cloud margins for its performance. The firm’s shares gained 1% during the DeepSeek selloff, and potentially lower AI training costs also open up interesting possibilities for Amazon.com, Inc. (NASDAQ:AMZN). Lower costs mean that the firm might not have to fork out large sums to maintain its AI platforms, and less stringent performance might allow it to use more in-house chips for AI computing. Here’s what Cramer said about Amazon.com, Inc. (NASDAQ:AMZN):

“Unbelievable. I’m almost close to concern that when Amazon reports they say you know what, we are going to slow NVIDIA. Or we’re going to go to AMD which they’re not using for this kind of thing. I think that they’re going to stay with their friendly relationship with, with Jensen. But that’s what the bears are telling me.”

AMZN is a stock Jim Cramer recently talked about. 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 doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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