Company Performance & Stocks
Digital Health
- Hinge Health the digital physical therapy platform is performing well and jumped 8.3% yesterday and is up 33% this year.
Data & Analytics / AI
- Palantir Technologies is now up nearly 150% YTD.
E-Commerce & Cloud
- Amazon is not seeing AI like valuations and is largely flat YTD. The AWS business which has been their profit and growth blockbuster is not growing as quickly as the cloud business at Microsoft.
- Jim Cramer has commented on Amazon as follows:
- “Now, we had another one, Amazon. A few weeks ago, this stock was plummeting. Why? Because we heard that Amazon Web Services was falling behind Microsoft’s Azure, something that actually we picked up loud and clear on the show from Snowflake’s explosive conference call. It didn’t help when a Morgan Stanley analyst asked Amazon CEO Andy Jassy if he was worried about falling behind”.
- Amazon can win like Walmart does as largely a retail behemoth. However it’s multiples will be more like Walmart that a tech driven company. Amazon’s strength in cloud has over the last few years driven its valuation.
- Amazon is up 1.38% YTD. Microsoft is up 22% YTD.