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Jim Cramer Says “We Sold Alphabet at the Wrong Time”

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently talked about. Highlighting the reason behind the Charitable Trust’s decision to keep AMZN, Cramer expressed regret over selling Alphabet stock at the wrong time. He said:

“See, look at the action in Alphabet. Have you seen it? Earlier this year, concerned about Justice Department’s attack on the company over monopolist behavior, worried that Gemini, its AI agent, will cannibalize the search function, we sold this stock for the trust. Now you know, I believe in no woulda, shoulda, coulda. Don’t be a second-guessing so and so, especially over a winning position. We had a winning position going. Worry about the losers. But man, we sold Alphabet at the wrong time. We left a hundred points on the table. My worries, they were misplaced. The Justice Department was no more able to hobble Google for any competitive practice than it was with Microsoft…

Now, I knew that Alphabet, parent of Google, was much more than just search. It had the cash machine that is YouTube, incredibly fast-growing cloud service business led by Thomas Kurian, one of the smartest execs I know. It has the self-driving kingpin, that is Waymo. It has a whole bunch of great projects that we barely even know about… But I couldn’t get over the supposed cannibalization from AI, and I certainly couldn’t handle a judge who seemed eager to destroy Google as we knew it. So the trust sold the stock despite the fact that it was inexpensive on a price-to-earnings ratio.”

Photo by Kai Wenzel on Unsplash

Alphabet Inc. (NASDAQ:GOOGL) provides digital products and platforms including Search, YouTube, Android, and Google Play, and offers enterprise solutions.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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