Jim Cramer and Ken Fisher Love These 5 Stocks

4. Alphabet Inc Class C (NASDAQ:GOOG)

Ken Fisher’s Stake: $6,991,843,449

Jim Cramer recently praised Alphabet Inc Class C’s (NASDAQ:GOOG) earnings and reminded investors his advice where he said you should buy the stock on “any weakness.” Cramer said the latest dip in the stock price gave investors a chance to “pounce.” He also thinks Alphabet Inc Class C (NASDAQ:GOOG) is one of the most undervalued big tech stocks.

Palm Valley Capital Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its first quarter 2024 investor letter:

“Governments have various irons in the fire for curbing (commandeering?) the power of tech titans, with the European Union rolling out the Digital Markets Act, the Federal Trade Commission suing Amazon for illegally using monopoly power, and the DOJ lawsuit against Alphabet Inc. (NASDAQ:GOOG)’s advertising business going to trial in September.

Furthermore, the dominant technology enterprises are not immune from shooting themselves in the foot. Google’s botched launch of its AI model, Gemini, shows the risk of having too much money. You lose discipline. A Pirate Wires exposé into the firm’s culture revealed that employees went to extreme lengths to intentionally degrade the quality of the AI engine’s output for ideological reasons. Try that as a small business! See how far you make it…” (Click here to read the full text)