Jim Cramer Questions the Legitimacy of Alphabet Inc.’s Potential Memory Device Killer

Alphabet Inc. (NASDAQ:GOOGL) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. Cramer mentioned the stock during the episode and stated:

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.

Photo by Kai Wenzel on Unsplash

Alphabet Inc. (NASDAQ:GOOGL) provides tech-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms like YouTube and Google Play.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.