An important trend to note here is that semiconductor companies that are a part of data centers are the ones that are "doing well," and other data centers are catching up to Amazon.com, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street."
"It's very important," he said. "Data center purchasing has been the strongest part of tech."
For this reason, when Intel (INTC) doesn't report a good data center purchasing figure, people respond with, "Well, that's the growth area," Cramer noted. "Because everyone has to compete with Amazon.com. Has to."
Competition for the e-commerce giant's sector has definitely increased, CNBC's David Faber noted on the show. "They have been met in the marketplace where for some time they were sort of alone," he explained.
The so-called FANG group, including Facebook (FB) , Amazon.com, Netflix (NFLX) and Alphabet (GOOGL) are once again in the "running for being the best stock," Cramer claimed. "They really are," he emphasized. The FANG group has notably been left out of the post-election Trump rally that began November 9.
(Amazon.com is held in the Growth Seeker portfolio. Alphabet, Apple and Facebook are held in Jim Cramer's charitable trust Action Alerts PLUS. See all of the holdings with a free trial.)
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Amazon.com as a Hold with a ratings score of C+. The primary factors that have impacted the team's rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
You can view the full analysis from the report here: AMZNAMZN data by YCharts