Jim Cramer recently discussed Amazon.com, Inc. (NASDAQ: AMZN) and its struggles on the stock market due to concerns about its cloud computing division’s growth. The stock gained only 1.4% in the past month after falling 9.6% following weak AWS growth in the second quarter. Cramer believes Amazon’s focus on in-house AI chips is hindering its performance compared to NVIDIA.

Cramer previously mentioned that Amazon and Apple were viewed negatively in the market, but those concerns seem to have dissipated now. While Amazon may still be a good investment, some AI stocks offer better potential for high returns with limited downside risk. For a report on an affordable AI stock benefiting from Trump tariffs and onshoring, check out the best short-term AI stock.

For more insights, read about 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer Maintains It Needs To Buy NVIDIA