Amazon.com, Inc. (AMZN) Is Dominating Retail, Says Jim Cramer

We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN) is a regular feature of Cramer’s morning show. The CNBC host’s recent comments have surrounded the firm’s AWS cloud business, Alexa Pro, and Prime Day sales. Cramer also believes that Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy’s polite nature will serve him well in the current US political climate. He is also optimistic about Alexa Pro and believes the firm’s upcoming earnings should be interesting when it comes to AWS. This time around, he discussed Amazon.com, Inc. (NASDAQ:AMZN)’s dominance in the retail space:

“I mean Proctor’s caught. They’ve got an Amazon problem. All those guys have an Amazon problem. . . .You just can’t let them be in charge. But right now Amazon is in charge. And I think that’s what the episode of four days, the big takeaway is alright, there’s a boss in town. And you better figure out how to work with them. . .You have to have a strategy, they’re too big.”

Earlier, Cramer discussed a Morgan Stanley note about Amazon.com, Inc. (NASDAQ:AMZN):

“I want to go away from Amazon Prime. A lot of people are saying it’s good, a lot of bad. There was an excellent piece by Morgan Stanley, that it’s not about Prime. It’s not about retail.  It’s about Amazon Web Services, which you have long reminded me is really where the money is. What I thought that was interesting was, they’re saying that Azure’s got good numbers that could be harbinger for Amazon’s numbers. But they said the latest CIO survey shows that Amazon is gaining over Microsoft, Google, and Oracle. And then they even say, now I don’t know how important this really is, but non-Anthropic AWS growth speaks to the strength of the business. And Anthropic growth is going to be good. Now Anthropic, they’re mistaken. But David, what they’re really saying is that part that you really should be concerned about is not is not Prime. It’s web services. And the web service could be better. And because of that, that you really are looking at lower estimates. And they could beat those estimates. . . .And I thought that was interesting because this is the one, that I think a lot of people say, you know what, Jassy hasn’t done as well as the other guys. . .but I think Jassy’s doing well and I think that web services is really doing well.

“By the way, the Alexa Plus is going to be a big rollout in the fall. So they’re doing some things I think people aren’t including in the positive story about Amazon.”

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Disclosure: None. This article is originally published at Insider Monkey.