Jim Cramer on Amazon: "Wall Street Only Seems to Care About Amazon Web Services"

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently looked at. Cramer called it a “great company” during the episode and stated:

“Amazon is a great company with an incredible retail business. Right now, Wall Street only seems to care about Amazon Web Services, their cloud and AI infrastructure division, that put up 20% revenue growth last quarter, its best growth rate since 2022. And I gotta tell you, I think Wall Street’s right. Today, Amazon Web Services is hosting its annual re:Invent conference in Las Vegas, and as usual, they’ve made some major announcements, new AI agent offerings, new high-performance chips to speed up the data center, and a lot more. This business is right at the heart of the AI data center theme, and it is a huge profit center, much bigger than Prime that you’re probably a member of. It’s where CEO Andy Jassy came from.”

Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.

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