Jim Cramer on Amazon: “I Think This One’s Just Consolidating”
Key takeaways
- Jim Cramer on Amazon: “I Think This One’s Just Consolidating” Syeda Seirut Javed Sun, May 3, 2026 at 10:51 PM GMT+7 2 min read AMZN ANTH.PVT Amazon.com, Inc.
- Very good numbers, even if the stock didn’t get any love.
- Still, when you look at the operating income, that was up 30%, also well above expectations, the stock should have been up more.
Jim Cramer on Amazon: “I Think This One’s Just Consolidating” Syeda Seirut Javed Sun, May 3, 2026 at 10:51 PM GMT+7 2 min read AMZN ANTH.PVT Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer believes the company’s recent quarter was “very solid,” as he said:
Now, next up, Amazon. Very good numbers, even if the stock didn’t get any love. The stock was volatile in after hours trading and ultimately gained less than 1% today. In the end, I thought it was a very solid quarter, 17% revenue growth, 75% earnings per share growth, the latter being much, much better than expected, even if it included a large pre-tax gain from Amazon’s early investment in Anthropic.
Still, when you look at the operating income, that was up 30%, also well above expectations, the stock should have been up more. But you know, it ran into the quarter. Amazon’s retail business was strong. Advertising business boomed, up 24%. Now, Amazon Web Services, this ended up being the star of the quarter, up 28%, its best growth in almost four years. That’s a huge increase on a $129 billion division of Amazon’s. Their custom chip business now has a $20 billion annual revenue rate. That’s going to go much higher.