Jim Cramer argues that Amazon could benefit from a slowdown in data center development because its existing infrastructure would allow it to meet demand for artificial intelligence computing power. Amazon shares have risen 7% since the midterm elections, while Microsoft and Alphabet have also posted gains. By contrast, Micron has fallen 14.1%, Sandisk 21.2% and CoreWeave 8.9%. Cramer says the slowdown could ease pressure on established cloud providers to keep increasing capital spending, support a recovery in free cash flow and improve returns on existing infrastructure. He also expects Amazon to reach $300, representing nearly 10% upside from the levels cited in the article.
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