NVDA - Jim Cramer: Amazon Is The 'Secret Weapon' Of The Stock Market | Benzinga
As Amazon.com Inc (NASDAQ:AMZN) stock continues to push to new highs, Jim Cramer is calling it the “secret weapon” of the stock market.
What To Know: Thursday on CNBC’s “Squawk On The Street,” Cramer made the case that Amazon stock is as important to the market as some of the big tech companies trading above $3 trillion.
“Amazon is the secret weapon of this stock market, not Nvidia, not Microsoft,” Cramer said on the show, arguing that Amazon always finds a way to get a leg up on the competition.
New reports from this week suggest that Amazon is preparing to launch a Temu-like discount section that will offer direct shipping from China. Amazon reportedly told Chinese sellers it would begin accepting merchant sign-ups in the summer as it gears up to begin shipping discount products in the fall.
Temu and Shien ...