Jim Cramer Considers Alphabet as One of the Best Long Term Growth Stock

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer called it one of the “best long-term growth stocks” of the past 2 decades

“Next up, I like Alphabet, one of the best long-term growth stocks that you could have owned over the past two decades… Justin Jefferson, he’s the Vikings receiver… I think of both Alphabet and Jefferson as known commodities with major new questions. For Alphabet, Google’s, the worry is how, how’s the advent of AI going to impact the core search business? So far so good… I think they’ll both be just fine.”

Photo by Kai Wenzel on Unsplash

Alphabet Inc. (NASDAQ:GOOGL) provides a wide range of technology products and services, including search, digital advertising, devices, YouTube, and cloud-based enterprise solutions. It also invests in emerging businesses through its Other Bets segment, including healthcare and internet services. Cramer mentioned the stock during the September 2 episode and said:

“Sometimes, the rewards for my strategy happen extraordinarily fast. Look at what happened after the close. Alphabet got a shockingly favorable antitrust ruling from a judge who I thought hated them. They won’t have to divest Chrome. They won’t be broken up in some punitive way for shareholders, and they can still make payments to preload Google even if they can’t have exclusive contracts. Now this is a huge win for Alphabet…”

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.

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