Jim Cramer says Amazon going up another 15% and 'not stopping' there

CNBC's Jim Cramer said he's bullish on Amazon after the company delivered one of the two best earnings reports he's "ever seen." "Amazon's going to $300 , it's not stopping here," Cramer said on " Squawk on the Street " on Thursday, the day after a solid quarter. "Every single analyst has a target north of $300." Amazon delivered a sweeping earnings beat , reporting earnings per share of $2.78 and revenue of $181.52 billion. Its cloud unit, Amazon Web Services, also topped expectations, bringing in $37.59 billion. For Cramer, the most important driver was AWS, where growth accelerated to 28% , a sharp reacceleration that underscores surging demand tied to artificial intelligence. Amazon shares opened rather flat and moved lower on profit-taking. That's not surprising after the stock closed at a record high nearly $264 last week. Jim sees Thursday's dip as a buy opportunity. AMZN YTD mountain Amazon YTD "They are now making fortunes on Amazon Web Services — fortunes," Cramer said, pointing to Amazon's expanding push into custom AI chips. Amazon CEO Andy Jassy said on the earnings call that the company now has more than $225 billion in revenue commitments tied to the latest generation of Trainium silicon. "Our Trainium2 chips offer roughly 30% better price-performance than comparable GPUs, and has largely sold out," Jassy said. …