Amazon.com, Inc. (AMZN)'s Alexa Is No Longer Stupid, Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN) hasn’t seen much love from investors lately as they fret about the firm’s cloud computing growth, which fell short of expectations during the second quarter. Cramer has discussed the firm’s woes in detail as he believes that Amazon.com, Inc. (NASDAQ:AMZN) has to order GPUs from NVIDIA to stimulate demand for its cloud business. He maintained this position in this particular appearance as well:

“[On Amazon expanding its grocery delivery, they say 2,300 locations by the end of the year] Well we’ve been looking for that, because I know that, that is so crucial to their bigger strategy. Now we keep thinking about Amazon having a bad quarter, right, do you remember that? Because of Amazon Web Services only growing at 17 and a half percent and the other guys growing much faster. I think that is full of it. I think Amazon Web Services, the problem is, the shortsighted nature, if they were to call and give NVIDIA the order. . .

“I’m telling you these guys are on the move now, you know Alexa is no longer stupid, Alexa is kind of like now fourth grade, These guys are making moves and everyone’s focused on that percentage point of Amazon Web Services. Wake up. Smell the coffee.”

Here are Cramer’s previous thoughts about Amazon.com, Inc. (NASDAQ:AMZN):

“Fifth, Amazon. Well, Amazon shouldn’t be troubled. It had a terrific quarter, including fantastic retail sales, stunning advertising revenues, decent numbers from Amazon Web Services, AWS. The reason the stock got hit and keeps getting hit is there’s a perception, Amazon Web Services’ growth is slowing. It was flat from the previous quarter, and that’s being viewed as a real weakness.

I’m hearing that Amazon may be market share donor to Microsoft and Alphabet in cloud computing, and they might stay that way until they stop trying to make do with their own chips and instead buy more, yes, of the ones from NVIDIA. I’m not sure this is a totally true narrative because I think AWS did fine. But I do hear about the resistance from young AI developers who are reluctant to use Amazon’s platform to develop their own products. I hope management comes on right here and explains more about this issue. Otherwise, I fear that this is an important position for my Charitable Trust is going to keep getting smoked. Help us, Amazon. I know, I’m greedy.”

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