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This Is What Jim Cramer Thinks about Amazon Stock (AMZN)
Jim Cramer, the host of Mad Money on CNBC, recently shared his thoughts on Amazon (AMZN) by saying that the market isn't giving the company enough credit. Indeed, he wondered why investors seem to dislike tech giants Amazon and Apple (AAPL), even though both just reported strong earnings. Cramer admitted that each company has its weaknesses, with Amazon's being that it doesn't currently have the right chips to attract major AI developers away from OpenAI. Still, he stressed that it has plenty of money to solve this issue. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. To make his point, Cramer gave an example: Amazon could call up Jensen Huang, the CEO of Nvidia (NVDA), and order every Blackwell chip available, plus 25% of next year's ultra-fast Vera Rubin chips. With that kind of firepower, Cramer argued, Amazon could win back the developer business it has lost. As a result, he believes that the only thing holding Amazon back is choosing to act, not that it is missing the ability to compete. Cramer also stated that Amazon has already started to respond. In fact, he pointed to a small blog post that announced a new partnership between Amazon Web Services and OpenAI. This move could help keep AWS customers from switching to other platforms they view as more advanced. Cramer was surprised that the news didn't boost Amazon's stock by saying he expected it to jump five points. Instead, he said, 'nobody cared,' calling the market's reaction unfair. What Is the Price Target for AMZN Stock? Turning to Wall Street, analysts have a Strong Buy consensus rating on Amazon stock based on 43 Buys and one Hold assigned in the past three months. Furthermore, the average AMZN stock price target of $264.21 per share implies 18.4% upside potential from current levels.


Business Insider
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Elf Beauty CEO: We have been optimizing our supply chain
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Yahoo
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Jim Cramer Says 'Reddit's Got A Lot More Room to Run'
Reddit, Inc. (NYSE:RDDT) is one of the stocks on Jim Cramer's radar. During the episode, Cramer recommended 'sticking' with the company stock, as he said: 'I gotta tell you, I think Reddit's got a lot more room to run. I'm not kidding. This one's been a huge winner for us. I've been following the company closely ever since it came public early last year and started recommending it about a year and a half ago, when it was trading around 50. I thought Reddit had tremendous growth… amazing digital advertising business because it's basically the last bastion of the old school internet… Reddit kept running for the next couple of months, peaking at $230 in January, then it plummeted all the way back down to around 80 bucks at its post Liberation Day lows in April. brett-jordan-0FytazjHhxs-unsplash Reddit (NYSE:RDDT) operates an online platform where users create and participate in interest-based communities to share content, exchange ideas, and engage in discussions. While we acknowledge the potential of RDDT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data