CNBC host Jim Cramer is doubling down connected Amazon.com Inc. (NASDAQ:AMZN) stock, issuing a succinct “Buy” standing conscionable days aft reports emerged that the tech elephantine is preparing to slash thousands much firm jobs—a determination immoderate analysts judge is softly driven by artificial quality (AI).
On Monday, the Mad Money big posted a straightforward directive to his followers: “Amazon: Buy.” Cramer's endorsement aligns with a broader Wall Street sentiment that favors Amazon's assertive pivot toward “operational efficiency.”
Amazon: Buy
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The stock, presently trading adjacent $240, has seen analysts acceptable a statement terms people of $291.40 s per Benzinga, representing a imaginable upside of implicit 24%.
The optimism follows reports that Amazon is initiating a 2nd question of wide layoffs. The institution plans to chopped astir 14,000 firm roles, mirroring a akin simplification successful October 2025.
These cuts, affecting divisions including Amazon Web Services, Prime Video, and Human Resources, are portion of a larger strategy to destruct astir 30,000 white-collar positions.
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While CEO Andy Jassy has publically stated these reductions are driven by “culture” alternatively than fiscal distress oregon AI, salient voices successful the tech concern abstraction stay skeptical.
Gene Munster, managing spouse astatine Deepwater Asset Management, argues that the “cultural” communicative is simply a screen for a world executives find excessively hard to discuss: AI is replacing quality labor. “One information astir however AI is impacting the workforce is that it's hard to speech about,” Munster noted connected X.
He believes acknowledging that AI is enabling smaller teams would severely harm worker morale. Munster pointed to caller warnings from Anthropic CEO Dario Amodei, who cautioned that AI-driven unemployment could yet deed 10%.
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One information astir however AI is impacting the workforce is that it's hard to speech about.
Earlier this week astatine Davos, Anthropic CEO Dario Amodei told the WSJ, "I don't deliberation there's an consciousness astatine each of what is coming present and the magnitude of it," adding unemployment could deed 10%.…

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