Cramer Hails Alphabet Call, Says Google Cloud Raises the Bar for AWS
His remarks follow Alphabet's beat that included a $155 billion cloud backlog.
Overview
- Amazon reported quarterly growth of about 20% with Amazon Web Services emphasized as the key driver.
- Jim Cramer called Alphabet's earnings call a "tour de force" and described Google Cloud as "a monster."
- He argued that Google Cloud's momentum heightens scrutiny of AWS and Andy Jassy, casting the contest as "Andy versus Mark."
- Alphabet said its cloud backlog reached $155 billion, and its shares rose roughly 4% after the report.
- The articles republish Cramer's commentary as part of Insider Monkey's series and include promotional pitches for paid AI-stock research.