Amazon.com, Inc. (AMZN) Has To Raise CapEx, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Discussed A “Weird Number”. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN), the world’s largest eCommerce company, has seen its shares gain 5% year-to-date. Cramer’s previous remarks about the firm have posited that its Alexa Plus AI will be better than its predecessors. The CNBC TV host has also maintained that, based on his conversations with CEO Andy Jassy, Amazon.com, Inc. (NASDAQ:AMZN) is not raising prices amidst the ongoing tariff turmoil. This time, he answered a question about whether the firm would increase capital expenditure once again:

“They have to because it turns out that what is needed is speed. That’s why by the way Jensen likes quantum. What’s needed is speed. And Carl, I go on all these all the time, and some of them are just so eager to please, they’ll say, I’ll say tell me how about that is quarter was, and they’ll like define how bad this is. I think a lot of this is, they don’t have the ability to be able to scrub as much as they like. And that’s the weakness with these systems. You need to go faster. If they go faster, they can include more. They need to make more deals. They just, they scrape the wrong stuff. Scrape The Journal. Jesus, scrape The Times.”

Here’s what Cramer previously said about Amazon.com, Inc. (NASDAQ:AMZN):

“After the close, Thursday, we have two more members of the Magnificent Seven when Apple and Amazon report. Now both stocks have been going up steadily. They could be, well, look, it could be like Alphabet, which rallied consistently into the marvelous print, then kept going up…

How about Amazon? I’m a huge believer that, like Google, Amazon has a lot of things working for it, the online store, the web services business, advertising, hey, you know what, Alexa+. It’s been a long time since Amazon’s stock exploded higher on earnings, but it’s also been a long time since the company had something exciting to say. I expect a very solid quarter.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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