We recently published 10 Stocks on Jim Cramer’s Radar. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
Amazon.com, Inc. (NASDAQ:AMZN) was due to report its earnings when this show was aired. The results saw the firm deliver 20% growth with its crucial Amazon Web Services cloud business. AWS had been a pain point ahead of earnings, and Cramer had repeatedly discussed its growth prospects. As he commented on Amazon.com, Inc. (NASDAQ:AMZN) before the earnings report, it was unsurprising that he was focused on AWS:
“People are going to be talking about Google Cloud tonight compared to Amazon now the shoes for Amazon are now big. I don’t know, as much as the long knives are out for Mark, they might be out for Jassy, too. These people have all taken kind of the share approach, it’s Andy versus Mark. I mean, I don’t know how that happened.
“This might be Jassy’s night to shine in terms of how much he’s spending. Although, you’ve got to remember, that beautiful Microsoft conference call when it came to Azure, taking share, that’s what they said. The share will be taken, not from Google because their numbers are [inaudible], it’ll be taken from Amazon Web Services, which Andy Jassy ran.”
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Disclosure: None. This article is originally published at Insider Monkey.