Jim Cramer On Amazon Stock Slip: Not Saying Downside Overdone, 'I Figure Tomorrow's Pretty Ugly'

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) shares slid sharply successful after-hours trading contempt a fourth-quarter gross beat.

Amazon reported fourth-quarter nett income of $213.39 billion, up 14% twelvemonth implicit twelvemonth and up of Wall Street expectations of $211.30 billion, according to Benzinga Pro.

The institution guided first-quarter gross to a scope of $173.5 cardinal to $178.5 billion, astir successful enactment with statement estimates.

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The stock's selloff came aft CEO Andy Jassy highlighted Amazon's monolithic concern ambitions, saying the institution expects to walk astir $200 cardinal successful superior expenditures successful 2026.

The investments volition people artificial quality infrastructure, customized chips, robotics and outer networks.

Amazon closed down 4.42% astatine $222.69 connected Thursday and fell different 11.20% to $197.75 successful after-hours trading, according to Benzinga Pro.

Deepwater Asset Management's Gene Munster argued the marketplace absorption misses the bigger picture.

He said that Amazon's projected 54% capex maturation successful 2026 brings it person to peers similar Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms, Inc. (NASDAQ:META).

"My takeaway…the marketplace is mostly missing the point," helium stated.

Trending: It’s nary wonderment Jeff Bezos holds implicit $250 cardinal successful creation — this alternate plus has outpaced the S&P 500 since 1995, delivering an mean yearly instrumentality of 11.4%. Here’s however mundane investors are getting started.

CNBC's Jim Cramer acknowledged near-term unit connected the banal but defended the rationale down the spending.

"I'm not going to accidental Amazon's overdone connected the downside due to the fact that I fig tomorrow’s beauteous ugly," Cramer said connected X, adding that determination is "a crushed for the walk that tin beryllium justified."

I americium not going to accidental Amazon's overdone connected the downside due to the fact that one fig tomorrow's beauteous ugly. I americium saying that there's a crushed for the walk that tin beryllium justified