Jim Cramer Names Amazon (AMZN) a “Sleep-at-Night Growth Stock”

On September 8, Mad Money host Jim Cramer compared Amazon.com, Inc. (NASDAQ:AMZN) to NFL star receiver Jaxon Smith-Njigba of the Seattle Seahawks. Cramer deemed Amazon a "sleep-at-night growth stock" due to its strong financial performance and moderately priced stock. Amazon.com, Inc.'s Q2 2026 revenue reached $200.6 billion, a 20% increase from the previous year.

However, the company's trailing-12-month free cash flow became negative due to significant investments in AI infrastructure. Despite this, Amazon's stock trades at an attractive price-to-earnings multiple of around 20x, making it an appealing option for investors. 369 hedge funds held Amazon stock in Q2, making it the most widely held stock in Insider Monkey's database.

The short interest in Amazon is minimal at 0.97% of float, indicating strong confidence from professional investors.