Alphabet Inc. (GOOGL): “This Stock Should Be Up Much More,” Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Cramer regularly discussed tech mega-cap Alphabet Inc. (NASDAQ:GOOGL) ahead of its earnings. The firm’s shares have reversed course in July and are up by 1.9% year-to-date, primarily due to July’s 9.9% gain. Before the report, Cramer was explicit in sharing that he regretted selling Alphabet Inc. (NASDAQ:GOOGL)’s stock. This time, he discussed the firm’s businesses and shared that the stock should be higher after the earnings:

[GOOGL]”[On earnings report] Yeah, look cloud was important. I think the big focus is frankly, uh, that paid clicks picked up 4%. I mean I was thinking paid clips might be down, I was worried that I felt that this was the beginning of the erosion and the cannibalization versus Gemini. That was completely wrong. YouTube up 200 million. Really, really fantastic. . . .Look the story here is this that the more chips that they get, better they’re doing. They have so much demand I was quite surprised.

“Oh my god, YouTube’s got a great subscription model. We don’t think it, but we should We’re making a mistake. That’s [the] number one subscription model.

“If you’re an advertiser, and you’re on this call, you say I’m gonna send a check to Zuckerberg, in order to be able to be in Insta, I’ll send a check to these guys. . . it is extraordinary, I misjudged this one. I had no idea.

Alphabet Inc. (GOOGL): "This Stock Should Be Up Much More," Says Jim Cramer

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“This stock should be up much more than that.

“[On whether there was still risk from the Justice Department] Yes it is. And I bought into that nonsense, and where did it get me? Out 20 points ago! I will tell you, Philipp Schindler is the guy to listen to. He is the guy. He was the star of this conference call. I mean 54 billion dollars for Search? You should listen to Schindler. He’s the man.”

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.