Jim Cramer on Amazon Web Services: “That’s Some of the Most Profitable Growth the World Has Ever Seen”
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently commented on. Cramer discussed the company in detail during the episode. He said: “So let’s consider the case of Amazon. A week ago, despite tremendous derision, I defended owning Amazon on this show, a stock that had fallen behind the other six names in the Mag Seven… First, Amazon reported an incredible quarter with a huge uptick in the web services business, where the growth rate jumped from 17.5% to 20% off a much larger base than ...