CNBC host Jim Cramer issues a “Buy” rating for Amazon (AMZN) stock, supporting reports of AI-driven corporate job cuts. Stock trading near $240, with analysts setting a $291.40 price target, indicating a potential 24% upside. Amazon plans to cut 14,000 corporate roles as part of a larger strategy to eliminate 30,000 white-collar positions.

CEO Andy Jassy attributes job cuts to “culture,” not financial distress or AI impact. Analyst Gene Munster argues that AI is replacing human labor, impacting morale. Anthropic CEO Dario Amodei warns AI-driven unemployment could reach 10%. Bezos holds $250 million in art, outpacing S&P 500 with an average annual return of 11.4%.

Read more at Yahoo Finance: Jim Cramer Says ‘Buy’ Amazon Amid Fresh Round Of Planned Layoffs