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Alphabet (GOOGL) Is A Top Long Term Quantum Computing Stock, Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Alphabet Inc. (NASDAQ:GOOGL)’s shares have reversed their trend as we settle into the year’s second half. While they are up by a modest 6.4% year-to-date, since late June,  the stock has gained 22%. A key reason driving Alphabet Inc. (NASDAQ:GOOGL)’s share performance is the performance of its cloud computing business. Additionally, not only do the firm’s troubles with the Justice Department appear to have been placed on the back burner, but it has also delivered strong performance with its Search and YouTube business. Cramer discussed Alphabet Inc. (NASDAQ:GOOGL) in terms of quantum computing:

“[When he wondered how many years away are we from scaled quantum and which stocks might be worth it] Well you know then the question is [inaudible] you really want to go after, it’s Google and it’s IBM.

“How about the fact that Alphabet, I mean you’ve got an Alpha-Perplexity just already making a bid in case Judge Mehta. . .says listen they got to get rid of Chrome.

“I think that maybe they think that they can influence the judge? I think that’s wrong, the judge is really not, the judge can’t be bought. Did you know that? . . .Some people feel that some judges are the best that money can buy, this is not one of those.”

GongTo/Shutterstock.com

Cramer mentioned Alphabet Inc. (NASDAQ:GOOGL) and quantum computing in an earlier episode as well. Here is what he said:

“Call me a believer, in quantum. And I think it’s catching up and doing something. Also by the way. . .Google [is] doing well.

“But I’ve got to tell you, quantum, I cannot believe that I’m a believer, but I am a believer.”

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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