Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL) is the embattled big tech company whose dominance in the internet search and advertising markets has created trouble for the shares in 2024. Wall Street is watching as the Justice Department takes on Alphabet Inc. (NASDAQ:GOOGL) and claims that the firm is a monopoly. These headwinds led to a modest +26.9% year-to-date share price performance in December before the firm’s big quantum computing chip announcement. Now, Alphabet Inc. (NASDAQ:GOOGL)’s shares are 38% year-to-date due to the rush surrounding quantum computing stocks. While Cramer doesn’t think investing in quantum computing is worth it, he is a fan of Alphabet Inc. (NASDAQ:GOOGL)’s new CFO Anat Ashkenazi:

“And Ashkenzi had moved to Google. She’s an unbelievably smart person. By the way, the Google conference call, no offense to Ruth Porat, you know who I think is fantastic, but the Google conference call was as good as the Lilly was bad. Because she was running it. And she’s a genius. I don’t know if you’ve ever got a chance to meet her because I’ve met her at the CFO council, she dazzled me. I felt like, midway through the conversation, I think I basically said you know what I’m stupid you’re smart. I just kind of gave up.”

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.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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