Jim Cramer on Amazon: “It’s at the Heart of the Computer-Driven Economy”

Amazon.com, Inc. (NASDAQ:AMZN) was one of the stocks Jim Cramer looked at during Mad Money’s episode. Cramer explained the reason why the Charitable Trust owns the stock, as he commented:

I’m talking about Amazon and its CEO, Andy Jassy. Higher interest rates can fell many a company, but if you want to guess who’d be the last man standing, you could do a lot worse than betting on Amazon with a stock that rallied $3.79 today. If there were a Kalshi bet about which company could thrive with a crimped consumer, it will somewhat oddly be Amazon, because their goal is always to keep prices as low as possible, making the ultimate trade-down play.

There’s a reason we own this one for the Charitable Trust. I’m in awe of how Amazon’s become all encompassing in so many aspects of our lives today… When I hear things like that, I try to figure out how much Amazon means to America, means to you. No one has ever been that big a factor to our growth since Standard Oil got broken up for monopolizing the oil market over a century ago…

The tech giant reported a really fabulous quarter last week, driven by their booming Amazon Web Services business for cloud infrastructure and AI. While this is still one of the largest retailers in the world, AWS alone has an annual revenue run rate of $150 billion. And they keep adding more to the story on a pretty regular basis. From setting up their own low-earth orbit satellites for internet service to offering their supply chain services to anyone who wants it, it’s at the heart of the computer-driven economy.

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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