Did Jim Cramer Get These 23 Stocks Right?

22. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 413

Jim Cramer expressed his frustration over the Justice Department going after Alphabet Inc. (NASDAQ:GOOGL) at the time, saying:

“Look, Google does represent both sides of the trade when it comes to placing ads in some online spaces but so what? They are facing increased competition from Tik Tok, which doesn’t have anything to do with Google, but more importantly – and this is what is so obscene and absurd – they have an existential threat right now from generative AI, which many people think is just going to replace Google search altogether.

I know if I have a specific question now I go to ChatGT or even better I go to Claude. Claude 3 by Anthropic, before I go to Google.

This lawsuit against Google was out of date by the time it was filed because of these threats, it’s kind of embarrassing frankly.”

Alphabet Inc. (NASDAQ:GOOGL) has gained 7.18% since Cramer discussed it on that show.

However, based on his most recent comments from the 11th of March, Cramer didn’t appear so optimistic about the stock, saying:

“Alphabet I think is going to miss the quarter because I no longer think that Google is as effective versus Grok versus ChatGPT.”