Jim Cramer Highlights “Alphabet Got a Shockingly Favorable Antitrust Ruling”

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that Jim Cramer put under a microscope. During the episode, Cramer discussed the recent antitrust ruling in favor of the company, as he commented:

“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…”

Alphabet's Google (GOOGL) Likely to Avoid Breakup, But Antitrust Remedies Could Hit Core Revenue

Google

Alphabet Inc. (NASDAQ:GOOGL) provides technology products and platforms, including Search, YouTube, Google Play, Android, and Google Cloud. Moreover, the company offers AI, cloud services, and other innovative solutions across digital, enterprise, and emerging technology markets. Cramer mentioned the company in first week of August. He stated:

“Third, Alphabet. Google Search and YouTube are doing amazingly well. You know what, I thought that Gemini, their AI platform, would cannibalize regular Google. Wrong. It hasn’t. Instead, they’re complementary. Business is very, very strong. And Alphabet had a remarkable quarter for all divisions, including Waymo… which is building a nice lead over the rest of the autonomous vehicles in the space. They, Microsoft, Meta are buying a gigantic number of NVIDIA chips and that’s who wins.”

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