Amazon.com, Inc. (AMZN): Jim Cramer Maintains It Needs To Buy NVIDIA

We recently published 10 Stocks Jim Cramer Discussed As He Asserted He Could Beat The Government’s Numbers. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN) is struggling on the stock market lately as investors are worried about the growth prospects of its cloud computing division. The shares have gained a mere 1.4% over the past month, after they fell by 9.6% after the firm’s second quarter earnings were accompanied by weak AWS growth. Cramer continues to maintain that Amazon.com, Inc. (NASDAQ:AMZN) is struggling because it is focusing on its in-house AI chips instead of NVIDIA’s AI GPUs:

“Think about what happened to Amazon, when they decided to go away from using all the NVIDIA that was possible. . .Amazon.com, Inc. (AMZN): Jim Cramer Maintains It Needs To Buy NVIDIA

Copyright: veghsandor / 123RF Stock Photo

Here are his previous thoughts about Amazon.com, Inc. (NASDAQ:AMZN):

“We’re in the era, this is what happens, The two big overhangs in this market had been Apple waiting for the sword of Damocles and Amazon, trading down because Amazon Web Services is viewed as a share donor. Both of those seem to have been forgotten. David, the forgotten negatives there has been replaced by we’re dumping the big tariffs for now.”

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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