Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play

8. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holdings in Q1 2026: 265

Technology giant Alphabet Inc. (NASDAQ:GOOGL) has shaped up to become one of Jim Cramer’s favorite stocks after he was wary about the firm in the first half of 2025. The CNBC TV host has praised the firm on multiple occasions due to its strengths in the artificial intelligence, search engine, video streaming, cloud computing and quantum computing industries. Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 96.7% over the past year and by 13.3% year-to-date. Recently, in July, Needham maintained a $450 share price target and a Buy rating for Alphabet Inc. (NASDAQ:GOOGL)’s shares. The firm outlined that the technology company was establishing itself as a key player in the enterprise artificial industry. In this appearance, after Cramer’s co-hosts pointed out that Anthropic had emerged as the strongest player in this industry, the CNBC TV host pointed to Alphabet Inc. (NASDAQ:GOOGL)’s deal with Apple in response:

“Gemini has the best contract in the world, which is the Apple contract. Because that’s embedded.”

L1 Capital International Fund discussed Applied Materials, Inc. (NASDAQ:AMAT) in its Q1 2026 investor letter:

Alphabet’s share price has more than doubled over the past 12 months. This reflects strong performance in core Search, continued momentum in Google Cloud Platform, and better-than-expected progress in AI (Gemini). Today Alphabet has a market capitalisation approaching US$4 trillion. Share prices and fair value are not always aligned, even for the world’s largest companies.