Jim Cramer · Snowflake · Amazon · CNBC Technology
Jim Cramer confirms these 3 mistakes are keeping investors out of AI winners
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CNBC's Jim Cramer said on Thursday investors may be talking themselves out of some of the market's biggest winners.
Key facts
- His comments come as shares of Snowflake surged roughly 36% Thursday after the software company reported strong results and highlighted a $6 billion commitment to Amazon Web Services
- Finally, Cramer said many investors remain too scarred by the collapse of internet stocks in 2000 to fully embrace today's AI rally
- CNBC's Jim Cramer said on Thursday investors may be talking themselves out of some of the market's biggest winners
- Because of those 14 and a half months, we've been scared away from some of the most incredible opportunities with real companies that are making fortunes," he said
Summary
His comments come as shares of Snowflake surged roughly 36% Thursday after the software company reported strong results and highlighted a $6 billion commitment to Amazon Web Services. First, he said many investors have become too dependent on index funds and exchange-traded funds, leaving them unable to benefit from outsized moves in individual stocks. "We're all told that we're only supposed to buy index funds and ETFs," he said. Cramer also said investors often dismiss opportunities because the investment thesis feels "too obvious.