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Amazon.com, Inc. (NASDAQ:AMZN) is among the stocks Jim Cramer discussed alongside the tech market divide. Cramer discussed the stock in light of the CEO’s annual letter, as he stated:

The annual Amazon letter came out today, written by CEO Andy Jassy, and it reminds you of just how stupendous this company really is. I believe this must-read letter is why the stock rallied a quick 5.6% today… Now, I’ve been concerned that Amazon was spending too much on satellites and drones. This letter tells me that I am wrong… Same-day delivery is on the rise, which will help the grocery front. Again, I’ve been skeptical of grocery. I’ve watched the rise of Walmart’s delivery business, and I thought it was at the expense of Amazon…

The thing they reassured the most about this stock was their tremendous commitment to artificial intelligence. Jassy put my mind at ease in incredible fashion… All I can say is he wishes he had more compute. He wishes he could spend even more… The letter also says they developed their own chips, which are in high demand, scorching demand, I should say… Do I keep Amazon for the trust after reading the letter? Honestly, even though we have an extremely low cost basis and we own more than enough of the stock, it was such a, it sounded so good, I’m tempted to buy more on the next dip.

Photo by Sunrise King on Unsplash

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.

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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