Jim Cramer Just Discussed These 13 Stocks

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL) is one of the weakest big tech performers on the stock market in 2024. Its shares have gained a mere 41% year-to-date, and if we remove December’s share price performance, then the shares have gained 22%. Alphabet Inc. (NASDAQ:GOOGL)’s shares have added 15.7% so far in December, and these gains are driven by its Willow quantum computing chip. Willow took investors by surprise. According to Alphabet Inc. (NASDAQ:GOOGL), the chip can compute 10 septillion worth of computation of a traditional supercomputer in less than five minutes. To add to the hype, the firm has manufactured Willow itself to demonstrate an edge in quantum computing chip fabrication. However, Cramer pointed out other factors that will drive Alphabet Inc. (NASDAQ:GOOGL)’s hypothesis at least until it can make and sell quantum chips at scale:

“I know, we’re selling some into it because, because we don’t believe the hype.

“People are telling, they’re emailing me and they’re saying, look, this is going to be the big breakthrough in healthcare. People have obviously pivoted away from the last company to have the big breakthrough in healthcare which was NVIDIA.

“If you’re buying Google, if you’re buying it . . . it’s about YouTube and about Search and about the Justice Department.

“I’m a believer in Waymo, right, love it, but I also believe that Tesla’s got the best data on Full Self Driving. And Tesla seems very close to President-elect Trump.”

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 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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