Jim Cramer Says “Alphabet Crushed It”

Alphabet Inc. (NASDAQ:GOOGL) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. Regarding the company’s recently reported quarter, Cramer said:

But I don’t want to bury the agony and ecstasy of this very evening, where we didn’t have a lot of shortages and instead we just had four gigantic companies that all had to go off at once, possibly because they’re just trying to give me a heart attack. I mean, maybe that’s the story. Four of the Magnificent Seven reported this evening. And remember when I told you that you would need something good from two of them, at least two of them, to power us higher?

Well, that is pretty much what we got, but we didn’t get any shortages. See, Alphabet crushed it, okay, in every line, including Google Cloud, which was extraordinary. That’s been a hot, just a really hot item for a long time now… YouTube, strong again. Search, incredibly strong, which is very important because it’s funding the whole build out, especially their own, jeez, their own semiconductors. Maybe those are in short supply. That could make sense. I’ll go with that.

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.

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.