Jim Cramer Sees Buying Opportunity in Amazon Despite Mixed Earnings

CNBC analyst Jim Cramer maintains a bullish stance on Amazon (AMZN) despite its recent earnings volatility. The e-commerce giant reported a 13% year-over-year revenue increase to $162.19 billion, surpassing Wall Street estimates. Yet concerns over AWS growth and a weaker-than-expected Q3 operating income guidance of $15.5-$20.5 billion triggered a 7% stock dip.

Cramer views the sell-off as a buying opportunity, noting Amazon's consistent pattern of mixed guidance. "Much better than expected sales at every division," he remarked, while dismissing AWS margin concerns. Analysts remain optimistic about AMZN's rebound potential, particularly given its AI investments driving AWS performance.

The company's May earnings already hinted at breakout potential through AI integration. Though AWS growth lags behind cloud competitors, its profitability continues to anchor Amazon's long-term valuation. Market forecasts suggest the current dip may prove temporary as institutional confidence persists.