Jim Cramer Highlights That People Who Gave Up on Amazon "Missed the $2 Trillion Boat"

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer was focused on. Cramer was bullish on the company during the episode and said:

“I’m simply trying to put a valuation on a company that makes what you need to become one of the serious players in AI. I learned not to question Amazon or Microsoft or Google or Meta, or even Tesla, the big customers, a long time ago. They know more than I do. They’re run by people much smarter than I am, much, much smarter. I’m just grateful they let me along for the ride… If you gave up on Amazon in 2001, you missed the $2 trillion boat.”

Amazon.com, Inc. (NASDAQ:AMZN) provides retail, advertising, and subscription services, along with devices, media content, and cloud solutions. The company’s platforms serve consumers, businesses, and creators through e-commerce, digital content, and Amazon Web Services. Cramer called the company “arguably the best retailer in the world” during the August 14 episode. He said:

“Today, we had a giant run in Amazon, up almost 3%. Why? It’s a follow on move from yesterday’s announcement that the company will be moving to same-day grocery delivery, which the analysts wrote about overnight. Now this is an incredibly disruptive initiative that was basically ignored yesterday. Given that delivery is free with Amazon Prime, it could spell real problems for Instacart, perhaps even DoorDash and Uber. Just as importantly, this announcement changed the narrative about Amazon.

You see, for the past two weeks, the story of Amazon was about how its AWS business had fallen behind Google Cloud and Microsoft Azure, its principal competitors, because it’s using its own slower chips instead of buying them from NVIDIA. It was a very damning storyline. This week, though, we remember that Amazon’s also a retailer, arguably the best retailer in the world. That’s rational, not frothy.”

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