GoKawiilCramer backs Amazon as AI data center buildout slows
CNBC's Jim Cramer said Monday that a slowdown in new data center construction favors incumbent cloud providers like Amazon, Microsoft and Alphabet rather than hurting them. Amazon shares have risen 7% since last week's midterm elections, while semiconductor and 'neocloud' names such as Micron, Sandisk and CoreWeave have fallen sharply amid growing local opposition to new AI infrastructure projects.
GoKawiil's interpretation of the reporting above, not reported fact.
Cramer's framing suggests a widening split in the AI trade, where established hyperscalers with existing data center capacity could be insulated from—or even benefit from—regulatory and construction slowdowns that hit newer infrastructure-dependent players harder. His price target of $300 for Amazon implies continued confidence in the stock's recovery after a rough summer and fall, though this remains his personal market view rather than a confirmed trend.
- Amazon shares climbed 7% since the midterm elections amid a divide in AI-related stocks.
- Semiconductor and neocloud stocks like Micron, Sandisk and CoreWeave have dropped sharply as data center opposition grows.
- Cramer set a $300 price target for Amazon, implying nearly 10% upside from current levels.
Source: cnbc.com — Alexa Lomonaco, 2026-11-09
Published there as: “Jim Cramer says this is the stock to buy as data center development slows”
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