Amazon.com, Inc. (AMZN) Will Buy Every Single NVIDIA Chip It Can Get, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discusses.
Amazon.com, Inc. (NASDAQ:AMZN) is the largest eCommerce retailer in America and has a robust presence in the cloud computing business. The firm is also among the handful in the world that develops its artificial intelligence chips. These chips are called Trainium, and they have generated speculation about whether they could replace NVIDIA's GPUs. However, Cramer doesn't believe this will be the case. When his co-host raised the question, he simply remarked:
'Oh, the Trainium. they'll take very single NVIDIA they can get.'
Copyright: prykhodov / 123RF Stock Photo
Amazon.com, Inc. (NASDAQ:AMZN)'s shares jumped by 3% after its fiscal first-quarter earnings report. The CNBC host discussed the firm's financial report in detail:
'Then there's Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation.
Overall, AMZN ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AMZN, 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 AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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