Jim Cramer Says Amazon “Never Should Have Underperformed to Begin With”

Group 1 - Amazon.com, Inc. is experiencing a "mistaken identity" situation where its stock has underperformed despite strong business fundamentals, with a stock increase of only 5% in a year when the S&P 500 rose by 16% [1] - The stock price of Amazon rose from $222 to $254 following its last earnings report but subsequently lost those gains, leading to perceptions of underlying business issues that do not exist [1] - The company's Amazon Web Services (AWS) segment is showing signs of reacceleration, and its retail and advertising businesses remain robust, contradicting the negative sentiment surrounding the stock [1] Group 2 - Amazon operates in various sectors including consumer goods, digital content, advertising, subscription services, cloud computing through AWS, electronic devices, media production, and support for third-party sellers and content creators [2]