Jim Cramer: Amazon Shares Deserve to Trade Higher

There have been a number of technology companies that have overpaid for acquisitions but Amazon.com (AMZN) - Get Report is not one of them, says TheStreet's Jim Cramer. He said Amazon.com is putting billions of dollars into India and 'will get a great return.' Apple (AAPL) - Get Report CEO Tim Cook is also pushing into India as well, so clearly it is a big target for big-cap technology's weightiest players. Cramer said Alphabet (GOOGL) - Get Report overpaid by way too much for Nest and Amazon deserves to trade higher.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.