Jim Cramer Discusses These 13 Stocks & Criticizes Billionaires

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders In Q4 2024: 339

Amazon.com, Inc. (NASDAQ:AMZN) is an eCommerce and SaaS company. Its shares have lost 5% year-to-date as poor cloud computing revenues have created doubt in investors’ minds about the return from the firm’s multi-billion dollar AI investments. Cramer’s previous comments about Amazon.com, Inc. (NASDAQ:AMZN) have shared concerns regarding a slowdown in data center spending and its impact on the company. This time around, he commented on Amazon.com, Inc. (NASDAQ:AMZN)’s Alexa assistant:

“They have promised, some of us, who have complained about Alexa, that it’s going to be very useful tool when you come downstairs. Look I’m very excited about it. I also hope that they get it right. Because there is very little classical music that you can play. If you ask for Beethoven’s First, they give you Alfred Brendel doing a concerto. If you ask for the concerto, they give you Mozart. It is so erratic that it’s not usable. So I hope they fix that. And they want it to be your personal assistant. Which I’d like. Because right now she’s dumb as wood. I mean plywood. I mean sometimes I argue with her it’s incredible. I wanted to hear West Side Story. That’s way too hard. You know what’s really hard for them? Literally anything, anything involving Cajun music.”

“I mean when I ask them directly, they think it’s gonna be your personal assistant. You’ll want to pay for it. That’s why they, when I said I’m not paying for Alexa, she doesn’t know anything other than that there’s a package downstairs. And they said, no, she will be able to really communicate with you much better. . .Well basically it doesn’t have enough NVIDIA. And, it will, also Trainium, their own chips. I love em’.”

“But you know it’s wrong so often. All of these things are in their infancy, and they probably need more NVIDIA.”

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 time frame. 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

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.