Jim Cramer Discusses These 10 Stocks & Says He’s In Waiting For AI GPU Spending Clarity

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

Number of Hedge Fund Holders In Q3 2024: 286

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s most valuable eCommerce company in the world that also plays a key role in the cloud computing industry.  The DeepSeek selloff that has reshaped the narrative surrounding AI spending has also created interesting implications for the firm. Amazon.com, Inc. (NASDAQ:AMZN)’s stock didn’t fall during the selloff. The firm can potentially benefit from lower training costs by spending less on AI development. It can also experience reduced spending on NVIDIA’s GPUs and rely on in-house chips instead. Here’s what Cramer said about Amazon.com, Inc. (NASDAQ:AMZN):

“I think that there will be, and I think that’s why you’re seeing some compression [NVDA margin compression]. But until someone actually has a better chip. An actual better chip. And there we have to see Amazon. Now Amazon’s going to report. Amazon is the one that is really rivaled.”

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.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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