Quick Read – Cramer tags BLZE as a legitimate Amazon S3 rival growing AI customers 76% year over year but says timing is wrong to step in. – Equipment costs rising 30% yearly and a shrinking legacy backup unit threaten margins even as Backblaze raised full-year revenue guidance…
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Jim Cramer used a recent Mad Money segment to dissect a small-cap cloud storage name that most generalist investors have never opened a tab for. His takeaway on Backblaze (NASDAQ:BLZE): a real business with a real AI angle, just not the right moment to step in. I have been watching the cloud infrastructure space for years now, and the tension Cramer flagged here is exactly what can fundamentals-first investors.
What Cramer Actually Said About Backblaze Backblaze is a San Mateo-based cloud storage platform, and Cramer zeroed in on where the growth actually lives. “It’s not the mature, slow growing computer backup business. It’s the cloud data storage division. This is an enterprise grade object storage platform.