We recently published 12 Latest Stocks Jim Cramer Discussed. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN)’s shares have lost 1% since the firm’s latest earnings report, as investors worry about the firm’s cloud computing business. After the earnings, Cramer asserted that one reason the firm is facing a growth slowdown with its AWS business is due to over-reliance on its custom Trainium AI chips. This time, he discussed Amazon.com, Inc. (NASDAQ:AMZN) retail business as well:

“So I think that, there isn’t anything in my mind that says that, you take warehouses being up, that employing people in warehousing. . .And then you take a look at what Amazon’s doing. You read how their big warehouses have no people. And them I’m supposed to conclude that the problem is warehouse employment? You need to be a little more granular than the Labor Department.

“Hey by the way, let’s not forget. We are going to have a number of drug stores in this country that is probably about one fifth of what we have now. And that was the Amazon factor. So you’re going to get your food, you’re going to get your drugs, it’s going to come to your house. It’s a whole new world. And Amazon’s got it. Let’s just walk away from the idea that web services is declining just for a few minutes please.”

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Disclosure: None. This article is originally published at Insider Monkey.