Squawk on the Street Cramer's Morning Take: Amazon 7/1/25
Jul 1, 2025
Dive into a discussion on Amazon's growth potential and strategic initiatives. Insights from an exclusive interview with the CEO reveal how the company is navigating current market challenges. Discover how Project Kuiper is set to connect millions to the internet and the transformative role of AI in enhancing customer engagement. These elements combined position Amazon for significant future expansion.
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Amazon's Growth via Project Kuiper
- Andy Jassy sees AI as a big future development but believes it alone won't generate profits.
- Project Kuiper's satellite internet aims to bring 500 million new users, expanding Amazon's market and Prime membership.
Kuiper's Impact on Internet and Prime
- Project Kuiper will incur high upfront costs with many rockets needed to deploy satellites.
- The service aims to deliver reliable internet worldwide, increasing Prime memberships and e-commerce engagement.
Alexa Plus's AI Leap
- Amazon's Alexa has lost $8 billion and lacks reasoning ability but the new Alexa Plus will have reasoning.
- This upgrade may justify buying Alexa devices now, with robots expected around 2030.