Amazon.com, Inc. (AMZN)'s CEO Says Tariffs Haven't Hurt Company, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN) is another stock that Cramer frequently discusses on his morning show. On several occasions, he has shared optimism about the firm’s Alexa Pro service and also remarked on share price levels. One major aspect about Amazon.com, Inc. (NASDAQ:AMZN) that Cramer has highlighted multiple times is how the firm’s dominance in the retail industry means that consumer goods companies have to work with it no matter what the circumstances are. The debate around the retailer has shifted more recently to prices and inflation. According to Cramer, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy hasn’t seen an impact from tariffs on the firm’s prices yet:

“Right well, I do think that, you know it’s gonna be inflationary and that’s what Powell’s worried about. But, Andy Jassy said so far the tariffs haven’t hurt Amazon.”

Previously, the CNBC TV host discussed a WSJ article claiming that Amazon.com, Inc. (NASDAQ:AMZN) had increased prices:

“[On WSJ piece saying they’ll keep prices low but raising them instead]Look I think that Amazon is an overall piece and I don’t know how much that includes Prime, where the prices were incredibly low. Amazon’s assured me that that story, didn’t say it’s this story exactly, but anybody who thinks that the prices are up, will take a look at Prime and think that’s not true.”

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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