Jim Cramer Discusses These 7 Stocks & Is Sick And Tired Of Negativity

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders In Q4 2024: 339

Amazon.com, Inc. (NASDAQ:AMZN) is the largest eCommerce retailer in the world and a key player in the cloud computing and software-as-a-service industries. The shares are down by 11.6% year-to-date as they join their mega-cap peers in posting losses. Part of the losses are due to weakness in the firm’s cloud computing business. Like peer Alphabet, Amazon.com, Inc. (NASDAQ:AMZN)’s shares dipped after its latest earnings report when cloud revenue growth disappointed investors. In March, the stock is down by 8%. Here is what Cramer said:

“Amazon’s been under a lot of pressure. People worried about the retail part of Amazon. I’m not as concerned because I think people who are not doing as well. . I think they shop at Amazon. Because it’s much less expensive than everybody other than maybe Walmart.”

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.

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