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Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer discussed on Mad Money as he addressed investors’ recent overblown worries and growth stocks stuck in bear-market territory. Cramer highlighted the CEO’s recent letter and the following market reaction, as he said:
Look, I could play the same game with Amazon with the stock that had been left for dead. At the end, this one bottomed when we heard that the web services were slowing, retail was weaker, Walmart was eating their lunch, Andy Jassy just wasn’t Jeff Bezos. Really? But then Jassy wrote a letter that explained how Amazon is doing. Next thing you know, you get 25 points. What is that about? Then it buys a satellite company, another eight points. The big disaster of Amazon, whatever it was supposed to be, it didn’t happen.
Photo by Sunrise King on Unsplash
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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