Forget about online shopping and Prime subscriptions.
According to Jim Cramer, Amazon is about to become one of AI’s most competitive chipmakers
The “Mad Money” host recently admitted on CNBC that he “underestimated” the potential of Amazon’s lineup of in-house chips to drive value for shareholders. Specifically, Cramer called out Amazon’s “Trainium” chip line that focuses on training large-language models (LLMs) and generative AI (1). Must Read – Prime US real estate was a rich person’s game — then something changed.
Now everyday Americans are getting a piece of the action for as little as $100 – Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is going – Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ As Cramer told CNBC, these Trainium chips “have more long-term value than I thought and are more of a threat to Nvidia than I thought.” He added that the cheaper price tag for Amazon’s offering could help explain why Nvidia’s stock didn’t pop following its positive earnings call on May 20 (1). Cramer turned from skeptic to supporter of Amazon shortly after sitting down with the company’s CEO, Andy Jassy, for a CNBC interview.