Jim Cramer Discusses These 11 Stocks & President Trump’s Sovereign Wealth Fund

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

Number of Hedge Fund Holders In Q3 2024: 286

Amazon.com, Inc. (NASDAQ:AMZN) became the latest big tech stock to fall after its fourth-quarter earnings in February. While the firm had managed to escape the DeepSeek selloff unscathed due to its presence on the demand side of data center spending, the shares slipped by 3.7% after the Q4 earnings. The results saw Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business AWS deliver $28.79 billion in revenue which fell short of analyst estimates of $28.87 billion and indicated that the billions the firm has spent investing in AI would take longer to recover. Here’s what Cramer said about Amazon.com, Inc. (NASDAQ:AMZN) ahead of its earnings:

“Well we have to hear what Amazon says because Amazon could lay to waste everybody.”

“I think that we’re going to see. This is what’s going to break Amazon out. The word that they have in Alexa who’s going to be your personal assistant. I mean this morning I get up it’s like you know the usual four o clock, the futures look bad, wait Honeywell up two thirty eight. And all I ask, all I ask, was Beethoven’s first piano concerta. And I get those Brendel sonatas! What did I say to her that said sonata to her? Now when I go to Brian Olsavsky, when I go to the CFO, I know I’ve said this, I’ve said I am dog tired of asking for Stravinsky and they give you Chaikowsky. That has to end! And he said not only will it not do that anymore but it will say you know at eight twenty you have a photo shoot, at eight forty five you’ll have to a new tie by Ferragamo, at eight forty seven it’s a Brioni suit. And eight fifty two you better look darn good. That’s what it’s going to do. So David if it does that instead of just saying well um the joke of the day, an eight billion black hole, Alexa, no more.”

AMZN is a stock Jim Cramer recently discussed. 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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