Latest Jim Cramer Comments on These 12 Stocks

Page 11 of 11

1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 219

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that received Jim Cramer’s latest comments. Cramer discussed the company’s rally for the year during the episode. He stated:

“Last week, we had another moment, this time from Google, which unleashed a new version of its own Gemini generative AI platform, a third version, and it was immediately hailed by many… As a regular and at times heavy user of ChatGPT, I too suddenly find myself migrating to Gemini. Normally, this kind of release doesn’t mean all that much. But the stakes in this business are gigantic. Alphabet, the parent of Gemini, has seen its stock rallying furiously, a real rocket ship. It’s up 68% so far this year, much of that coming in the last few weeks as more and more people realized it was undervalued versus the other six of the Magnificent 7. And then it went nuts, into overdrive as people started hearing about Gemini 3, and then they saw it, and wow. Alphabet already had a big leg up on other challengers to OpenAI. That’s because they figured out how to link Google, the search company, to Gemini, the AI company, in a seamless way… Remarkable feat… The geniuses behind Alphabet, and I mean geniuses, managed to figure out how to take advantage of Google to build Gemini. So, it was never hard to find, but it’s only with this Gemini 3 that there’s a real breakout in the stock.”

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.

While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 11 of 11