“It’s About AWS,” Says Jim Cramer About Amazon.com (AMZN)

Core Viewpoint - Amazon.com, Inc. (NASDAQ:AMZN) is a significant player in the AI industry, primarily driven by its Amazon Web Services (AWS) cloud computing business and in-house Trainium AI chips, although its growth rates have been slower compared to competitors like Microsoft and Google [2]. Group 1: AWS Performance and Analyst Sentiment - AWS reported a revenue growth of 17.5% in Q2, which was lower than Microsoft’s 39% and Google’s 32%, leading to a dip in Amazon's shares [2]. - Guggenheim initiated coverage on Amazon with a Buy rating and a price target of $300, citing AWS's backlog of $200 billion as a key factor [3]. - BMO Capital raised its price target for Amazon from $300 to $304 and increased the Q1 2026 AWS growth estimate from 23% to 24%, indicating positive sentiment around AWS's future growth [3]. Group 2: Hedge Fund Interest - Amazon.com, Inc. has the highest number of hedge fund holders, with 332 out of 978 hedge funds in Insider Monkey's database disclosing a stake in the company, reflecting strong institutional interest [3].