Jim Cramer Explains Why He Chose to Stay in Alphabet Stock

Alphabet Inc. (NASDAQ:GOOGL) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted why he “stayed in” the stock, as he said:

Yesterday was Alphabet. I kept hearing that Google was doing badly, which would slow down the growth of Gemini. With Anthropic coming on strong, albeit for business, ChatGPT maintaining its success, you might have to abandon ship Alphabet. I just started buying it for the Charitable Trust. I thought it made no sense whatsoever. You get YouTube, Waymo, Search, Chrome, Gemini. So I didn’t dump it. I stayed in. It was a pretty bold thing to do. Now, it ramped up again, nearly 2%.

Photo by Kai Wenzel on Unsplash

Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play. Cramer discussed the stock during the March 30 episode and commented:

Next, we’re going to talk memory stocks. Oh, everyone’s giving up on those, right? Last week, we learned that Google has something that could make it possible for computers to use less memory. While, this may or may not be true, it destroyed the entire cohort. Micron, Seagate, Western Digital, Sandisk, wow, getting obliterated. Carnage was non-stop. Charnel house. I wish that there was some gravitas to Google’s memory device killer, though, because I’m not buying it. Why? Because Google was down when it was announced. If this were for real, Google stock should have roared instead of going down. Still, the memory stocks were up so much going into last week that they were due for a pullback. Remember, they went parabolic… But if this turns into a bear market, they’re clearly not done going down.

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