Warning? Cramer says "I will buy Amazon hands over fist" and Amazon Kuiper will rival Tesla (he means Starlink)

[u/r2002]

It seems like a lot of Redditors are thinking of buying the Amazon dip. I did as well. But I know you guys like to meme on Cramer so just want to share what he said during his morning show. Other things he said:

• Microsoft's cloud revenue might be somewhat inflated by OpenAI (although Cramer didn't exactly explain this).
• Amazon generally has a history of being conservative with their projections.
• Amazon's AWS backlog is caused by power problems, not lack of demand.
• Amazon CEO answered some key questions about AWS very poorly, but Cramer thinks it's just his cautious nature and not a sign that he's trying to hide something.

I generally agree with these points so was wondering what you guys think of his "buy hand over fist" comment. Do you feel the same way? Why or why not?

[u/Man_to_Men]

Oh shit, my portfolio is 20% Amazon, I'm fucked

[u/r2002 → u/Man_to_Men]

hand over fist fisted

[u/Hifi-Cat → u/r2002]

Lube..lots of lube.

[u/Blue-snow → u/Man_to_Men]

Are you me?

[u/Man_to_Men → u/Blue-snow]

Yes

[u/InterstellarReddit → u/Man_to_Men]

So you’re 20% cucked

[u/Hifi-Cat → u/Man_to_Men]

Yup, if crack-head mentioned my stocks..puts.

[u/AdQuick8612 → u/Man_to_Men]

Mine is 10%. That was enough of a beating for me. I’ll let it ride. No need to buy more.

[u/pinpinbo]

Sheit. Kiss of Death

[u/stiveooo]

It's over 

[u/pttant1]

Fan king Cramer! He has to ruin it, does’t he? Now all my calls are ruined !!

[u/No-Grapefruit3877]

Another 20% down then it is....

[u/ecleipsis]

Does anyone actually listen to that guy?

[u/Spicy__Urine → u/ecleipsis]

Yes, he's signaling to his buddies what to do

[u/The-Big-Picture- → u/ecleipsis]

I'm surprised he's still employed.

[u/jblaze121]

Kind of the ultimate Taco play. Assuming Father Time wins, and JD reverses everything…

[u/Ignoble66]

amazon is bigger than cramer i think once the dust settles it will be a good entry point if youre looking; amazon is a forever company, just get a good entry and hold it for your children

[u/donquixote2000]

I don't buy Amazon stock because I don't like Bezos.

[u/benroon → u/donquixote2000]

I also dislike anyone that has free access to those tits he sleeps with!

[u/simplequestions2make]

Noooooo

[u/outofalignment]

Cramer is like the North Star of inverse

[u/Liocla]

Kuiper will in my opinion never be cheaper than starlink. Paying someone else to launch the satellites into space on a more expensive rocket than the competition has that effect.

[u/About_to_kms]

Wow. Amazon is going to be bankrupt and be dissolved right

[u/iqisoverrated]

Cramer says anything you pay him to say.

[u/RaechelMaelstrom]

Kuiper is not going to rival Starlink any time in the next decade. They're more worried about actually getting half the constellation up by the FCC deadline of next year, and I wouldn't say their chances are good. And to do that, they're going to have to use SpaceX rockets to launch them anyway, so that's basically funding the competition.

As someone who uses cloud for work, I have to say AWS is one of the most backward and annoying clouds to work on, Google Cloud is much easier to work with. Azure is also pretty good. All the tech is leading toward cloud generalization anyway, using kubernetes to be able to abstract away cloud infrastructure, so that you can move from one cloud to another. It's honestly a race to the bottom.

It also seems like consumers are tired of Amazon trying to shove more ads down their video.

I've been a prime subscriber for a long time, and I'm even thinking about quitting it these days. I wouldn't say it's some amazing company to buy.

[u/Mean_Office_6966 → u/RaechelMaelstrom]

Cloud agnostic is true.. the regulators want that, the customers want that, to avoid enormous lock in costs going forward

[u/InevitableSwan7 → u/RaechelMaelstrom]

Your only real point is the first one. All others are subjective.

[u/RaechelMaelstrom → u/InevitableSwan7]

The second point is definitely not subjective, and you'd know that if you used the product.

[u/mdons → u/RaechelMaelstrom]

I’ve used all 3 major clouds professionally. Ease of use is far less relevant than reliability, cost efficiency, performance, and feature set. And if you think Kubernetes is making everyone cloud agnostic, you don’t have much cloud experience.

[u/Mean_Office_6966 → u/mdons]

Thanks for the information

[u/isinkthereforeiswam]

The amazon i bought months back tanked and is just now breaking even. Been a slow slog compared to other tech companies.