The short version

Jim Cramer predicted on October 17, 2018: “You would have to say the rumors of FAANG’s death are greatly exaggerated, and Amazon’s three businesses — retail, web services and advertising — are doing well, he said.” Verdict: Called it. Amazon's retail, AWS, and advertising businesses all continued significant growth and cemented their market leadership, confirming Cramer's assessment that they were…

Prediction by

Jim Cramer

On October 17, 2018

“You would have to say the rumors of FAANG’s death are greatly exaggerated, and Amazon’s three businesses — retail, web services and advertising — are doing well, he said.”

Follow-up

Amazon's retail, AWS, and advertising businesses all continued significant growth and cemented their market leadership, confirming Cramer's assessment that they were 'doing well' and FAANG's demise was overstated.

From the High Caliber AI network — see the AI for PR module in the course.