Jim Cramer Left Stunned By Amazon.com (AMZN)’s Sudden Change In Fortune

Group 1 - Amazon.com, Inc. (NASDAQ:AMZN) recently entered into a significant $38 billion cloud deal with OpenAI, which has shifted perceptions of its cloud computing business, AWS [1][2] - Prior to the deal, Amazon was viewed as lagging behind competitors in the cloud space, but the recent growth in AWS, which reported a growth rate of 17% after a previous 20% decline, has changed this narrative [2] - The discussion around Amazon's cloud business highlights the rapid developments in the AI sector, with OpenAI's influence becoming increasingly prominent [2] Group 2 - While Amazon is recognized for its potential as an investment, there is a belief that certain AI stocks may offer better returns with lower risk [3] - The article suggests that there are extremely cheap AI stocks that could benefit from current economic policies, such as tariffs and onshoring, indicating a strategic investment opportunity [3]