Amazon: Kramer is optimistic, AMZN joins Morgan Stanley's selected list

After Morgan Stanley put Amazon (AMZN) on its “retro value” list, CNBC host Jim Cramer turned to Amazon, saying it had the potential to get higher risk-adjusted returns. Although Amazon's stock price has recently fallen 2% from 2025 Prime Week, failing to reach its internal target by 2%, Cramer stressed that Morgan Stanley's research has reversed his previous suspicion of Amazon's cloud spending. Amazon shares have risen 24% over the past year, approaching its 52-week high, with analysts predicting it could rise 32.3% in 12 months to $306.