Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

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

Number of Hedge Fund Holders In Q3 2024: 286

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN) escaped the DeepSeek AI selloff relatively unscathed. Its shares actually closed the day 1.16% higher as others bled as much as 30% of their value. Part of this is due to the fact that Amazon.com, Inc. (NASDAQ:AMZN) is not a beneficiary of data center spending. In fact, if AI training and development costs are lower, then the firm might have to spend less on AI partnerships such as those with Anthropic. Additionally, lower-performance chips becoming adequate for AI means that Amazon.com, Inc. (NASDAQ:AMZN)’s in-house AI processors could also play a greater role in its AI efforts. Cramer mentioned an analyst note that commented on the firm:

“I go to Cembalest lot, from JPMorgan. And he’s saying listen, before you just write this off, remember there are real winners. There’s winners and losers. He’s saying that Amazon’s a winner, they benefit, they can, Amazon, Meta, Apple, and some lesser extent, Google winners.”

AMZN is a stock Jim Cramer talked about a day after DeepSeek wreaked havoc on the stock market. 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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