14 Stocks That Jim Cramer Recently Talked About

1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL)’s stock is up 42% year-to-date, and if we remove the share price movement after the firm’s latest quantum computing chip announcement, then the shares were up by a more modest 26.9% year-to-date. The muted sentiment surrounding Alphabet Inc. (NASDAQ:GOOGL)’s shares has stemmed in large part from its troubles with the US government. The Justice Department has launched action against the firm for being an alleged monopoly, and reports have suggested possibilities of the firm having to sell its Chrome business. However, Alphabet Inc. (NASDAQ:GOOGL)’s quantum computing announcement was remarkable, as the firm built a chip capable of computing calculations requiring 1o septillion years in under five minutes from the ground up. Cramer shared additional insights about why he believes Alphabet Inc. (NASDAQ:GOOGL)’s ending the year on a strong note:

“YouTube’s doing incredibly well, and they got NFL right by the way that was just a brilliant move. They don’t really talk about that.

“Well you know what it’s really about, come on that’s not what it’s really about. We had someone in the Justice Department, Jonathan Kanter, who was hoping to take this company and turn it into a Greyhound Bus!.

“Well, Cruise dropping out was pretty big, Gemini I’m starting to like a little more. . . yeah.”

GOOGL is a stock Jim Cramer recently mentioned. While we acknowledge the 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 timeframe. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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