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Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks discussed by Jim Cramer.
Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 40% over the past year and by 14% year-to-date. Oppenheimer discussed the firm on April 24th, as per The Fly. It raised the target to $275 from $260 and kept an Outperform rating as it cited optimism about the firm and its AWS cloud computing business ahead of its first quarter earnings. Amazon.com, Inc. (NASDAQ:AMZN)’s first-quarter earnings saw the firm post 28% cloud computing growth to beat analyst estimates. The firm’s revenue and operating income also beat the estimates. Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s earnings call:
“Andy, some of us had been critical of Andy, and Andy was basically saying, listen we’ll be more thoughtful. I didn’t like his, the previous conference call, where he was very defensive. And I said, what do you have to be defensive about, you’re like the world’s best company. And that letter was so good. . .they’ve got their own chip, and Prime is doing well and international is doing well. And, there’s like, advertising. . .it’s fantastic. It’s finally moving.”
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While we acknowledge the potential of AMZN 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.
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