Jim Cramer Discusses These 10 Stocks & An Outfit Better Than DeepSeek

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL) is the mega-cap technology giant whose shares haven’t performed well this year. The stock has lost 1.56% year-to-date primarily on the back of a lackluster earnings report which sent the shares tumbling by 7.3%. Investors were disappointed by Alphabet Inc. (NASDAQ:GOOGL)’s cloud business being unable to live up to AI-related revenue growth expectations. After the earnings, Cramer remarked that Wall Street was focused too much on the cloud business and was overlooking other aspects of the firm’s performance. During this particular appearance, he mentioned Alphabet Inc. (NASDAQ:GOOGL)’s video streaming service YouTube:

“[On earnings and capital expenditure] You’re listening to the call and you’re thinking well okay it’s pretty good, lot of good stuff here, YouTube is really strong and there’s a lot money being made [by] YouTube. You get very excited, and then they just drop a total bombshell. About how much they need to buy. And David, when I’m listening to it, I’m saying to myself, well what happened to DeepSeek, I thought, we all, were supposed to be cut. Did we all just get had on the DeepSeek story?”