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News 2026-08-04 08:17 UTC

Amazon CEO Andy Jassy's AI Spending Pitch Won Wall Street Over, Jim Cramer Says— While Meta and Alphabet Are Still Struggling to Explain The

CNBC’s Jim Cramer said Monday that Amazon.Com Inc (NASDAQ: AMZN ) CEO Andy Jassy’s explanation of the company’s artificial intelligence (AI) spending during its latest earnings call changed how Wall Street views Big Tech’s multibillion-dollar AI investments. AI Spending Strategy Cramer said investors had questioned for