Jim Cramer Commented on 12 Stocks Linked to Data Centers

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL) was mentioned during the episode and here’s what Cramer had to say:

“Today we’ve got a defense of our large-cap tech companies, which have been endlessly targeted by our European allies. These, these countries, they’ve used our tech companies, Amazons, the Alphabets, the Apples like honeypots. Now when it happens, our government will retaliate for a similar amount of money. No more plunder… Suddenly the data center feels fragile. The tech titans, Amazon, Alphabet, Meta, Oracle, Microsoft, throw in Tesla, have been dependent on this data center and the spend.”

Alphabet (NASDAQ:GOOGL), created in 2015 after Google’s restructuring, is known for its Google Search engine. The company plays a major role in digital advertising, with Google Search being a driver of its success. In early January, Cramer commented on the company and said:

“Alphabet has a facility dedicated to quantum computing. This is super fast computing using superconductors that require a specialized computer environment based in part on cryogenic technology. Sounds promising, the others burn too hot, right, the regular data centers. But it’s not a reason to buy Alphabet because it’s nothing that’s ready at scale. I like Alphabet, own it for the Charitable Trust, but that’s because we like their dominance in Search, progress in YouTube, and incredible strength of Google Cloud services, well ahead of what people think. Quantum computing is just a long-term project.”