Jim Cramer on Amazon Web Services: “That’s Some of the Most Profitable Growth the World Has Ever Seen”

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently commented on. Cramer discussed the company in detail during the episode. He said:

“So let’s consider the case of Amazon. A week ago, despite tremendous derision, I defended owning Amazon on this show, a stock that had fallen behind the other six names in the Mag Seven… First, Amazon reported an incredible quarter with a huge uptick in the web services business, where the growth rate jumped from 17.5% to 20% off a much larger base than Microsoft. And for the second punch, if you were worried that Amazon wasn’t investing enough in the web services biz, well, today we learned that’s not the case at all. Amazon Web Services inked a multi-year strategic partnership with OpenAI…

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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.

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