Jim Cramer Says AI Data Centers Have Potential & Discusses These 9 Stocks

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q4 2024: 234

Alphabet Inc. (NASDAQ:GOOGL) has been one of the most troubled mega-cap stocks this year. The firm’s shares have struggled due to weak growth with its cloud business and its trouble with the Justice Department. In his previous remarks about Alphabet Inc. (NASDAQ:GOOGL), Cramer has struggled to find any catalysts for the stock. The firm’s latest earnings report sent its shares slightly up by 3.6% in premarket trading after ad business revenue beat estimates and it assured investors that AI investments were paying off. Here’s what Cramer said ahead of the earnings:

“Look I am trying to describe a situation that where you could have these stocks where people were shorting the other day. And today they’re just being gaffed because there’s a little story crafted for every one of them except for Alphabet. I don’t have one crafted for Alphabet.”