Cramer's Morning Take: Amazon 7/1/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 1 July 2025
⏱️ 3 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.7 | CMBC Investing Club warning meeting. Last night, big night, it was a great interview that |
| 0:11.4 | you had with Andy Jassy, the CEO of Amazon. You guys talked about so many different initiatives |
| 0:17.2 | and the company's working on. In the end, I'm trying to help people make money, and I thought a couple of things were really |
| 0:22.6 | interesting. |
| 0:23.6 | One is that he thinks that the biggest thing that's going to happen is AI, but that itself is not |
| 0:30.6 | going to make you money. |
| 0:31.6 | What is going to make you money is Project Kuiper, which he says is going to have, bring in another 500 million people, |
| 0:39.0 | of which they expect to get a huge number of them to be members of prime. |
| 0:43.0 | They have to put up a lot of rockets to put him up with everything, |
| 0:46.1 | so you've got to stay with the rocket team. |
| 0:48.0 | But it does say I had been worried about saturation. |
| 0:52.6 | Like how many more people can be prime members? |
| 0:54.8 | Right. |
| 0:55.0 | He's thinking, well, between rural, which is going to have 40 million and between Project |
| 1:01.0 | Kuiper's going to have 500 million, you have 5 million, you have 540 million people who do not |
| 1:05.0 | have prime, and they can pick up maybe, I don't know, 10% of that. |
| 1:09.1 | Yeah, so just a reminder, Kuiper, this is Amazon's low Earth orbit satellite broadband |
| 1:14.6 | network. |
| 1:15.6 | So yes, very high upfront cost, but he kind of suggests this is going to pay for itself. |
| 1:20.5 | It's going to provide reliable internet to customers and communities around the world. |
| 1:25.3 | Get more people to sign up for prime. |
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