Jim Cramer Continues His 180 Degree Flip On Amazon.com, Inc. (AMZN)

We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN)’s been on Jim Cramer’s radar recently because of its cloud computing division. The firm’s shares fell by 8% earlier this month after its earnings report revealed disappointing growth figures for the AWS cloud computing division. Cramer’s immediate reaction was to criticize Amazon.com, Inc. (NASDAQ:AMZN) for using its in-house Trainium chips, as he believed the firm’s cloud customers were interested in NVIDIA’s GPUs instead. However, has since changed his mind and believes Amazon.com, Inc. (NASDAQ:AMZN) CEO’s Andy Jassy’s approach of balancing costs with computing is the correct one. In these remarks, Cramer commented on Trainium once again:

“. . .let’s say the Trainium, which by the way, just so you know I think the Trainium story at Amazon’s great, but, they very specifically at NVIDIA, tell you that if you want to have a chip that does everything, come on you got to, you have to get the Blackwell.”

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

“Take a look at the Morgan Stanley piece today. The most significant piece of research I’ve read in a long time. By Brian Nowak. Who was the skeptic, on the conference call. That perhaps, there’s, this is, Andy Jassy, of Amazon, perhaps he’s underspending. Okay. Now Andy then just gave a very long soliloquy, there was a very thoughtful, but we we weren’t looking for thoughtful. We were looking for come out and [inaudible].

“What he’s saying is that Amazon is now going to accelerate spending. Amazon’s view, is price-performance is what matters which is why they use their own Trainium. Not performance, but price-performance, because Andy likes to make money, and you know, he makes a lot more money than everybody else. But everyone thought that Microsoft, which maybe aided by OpenAI, accelerated their spend and therefore accelerated their business. This piece, says basically, that was the narrative, I’m going back and saying it’s not, Amazon’s spending more than they have to, 2026 they’re going to get to reaccelerate the growth. 17 and a half percent growth, to 20% growth, AWS.

“The growth fears had to do, and I helped propound this, which was I think, in retrospect, ill-advised by me. That, Amazon was underspending with NVIDIA.”

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