In a recent segment, we highlighted 10 Stocks Jim Cramer Mentioned While Talking About “Love Lost” Between Microsoft and OpenAI. One of the stars of the show was Alphabet Inc. (NASDAQ:GOOGL), which is on Cramer’s radar.
Alphabet’s shares have jumped 5.8% this year driven by powerful performances to its YouTube and cloud services. Cramer previously expressed regrets over selling GOOGL shares due to concerns about its interactions with the Justice Department. Moreover, Alphabet is making strides in the self-driving sector through its Waymo initiative, putting it in competition with leaders like Tesla. Cramer shared his excitement about Waymo during the broadcast:
“No, the Waymo deal, the Waymo deal’s fantastic. I absolutely love Waymo. It’s such a bargain, David. I hop in a Waymo to get to McDonald’s. You know how you love those black cars, well I’ve been to McDonald’s in a Waymo…”
Photo by ThisisEngineering RAEng on Unsplash
Here’s what Cramer had to say about GOOGL recently:
“Thirdly, Alphabet. Google Search and YouTube are absolutely killing it. I initially thought that their AI platform, Gemini, would overshadow traditional Google—turns out, I was wrong! Both platforms go hand in hand. The business momentum is incredibly strong, and Alphabet has had an impressive quarter across the board, including Waymo, which is gaining a substantial lead in the autonomous vehicle arena. Companies like Microsoft and Meta are stocking up on NVIDIA chips—now that’s who’s really in the game!”
While we see potential in GOOGL as a smart investment, we also think that there are AI stocks out there that have a better shot at higher returns and quicker gains. If you’re hunting for one promising AI stock that might skyrocket in value—think 10,000% upside potential—make sure to check out our report on the most affordable AI stock that you’ll want on your radar.
CHECK OUT: 30 Stocks That Could Double in 3 Yearsand 11 Hidden AI Stocks Worth Buying Now.
Disclosure: No conflicts. This content originally appeared on Insider Monkey.
