Jim Cramer Discusses These 11 Stocks & President Trump’s Sovereign Wealth Fund

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL)’s shares haven’t delivered fireworks similar to some other mega-cap stocks such as Facebook’s parent Meta. Throughout 2024, the firm struggled with a Justice Department investigation that sought to break up the company. The only saving grace for Alphabet Inc. (NASDAQ:GOOGL)’s shares came in December when they surged by 11% after the firm announced its Willow quantum computing chip. Alphabet Inc. (NASDAQ:GOOGL)’s stock slipped by 7% in February after weak results of its cloud business. Here’s what Cramer said about the business division:

“And when you saw that Google actually went down on the spend, you started to say, well hold it, Meta was great for the spend, we were thinking Microsoft may be okay, because that went down because of some other things.”

“. . .people also said, value trap. Now can I just say that Google Cloud [laughs] was not that bad. But we seized on that as a reason. We’ve seen this way too often. Google Cloud, we’ll see a division not be perfect, and we’ll say aha! That’s why it’s going down. Because that division is, it doesn’t come on air and say hey listen, you know what, you guys are wrong. I think that Google Cloud probably had a lot of good things in it and we just didn’t talk about it. It’s been a juggernaut.”