Jim Cramer on These 9 Stocks Recently

7. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Highlighting how tech conferences have become consumer-oriented, Cramer mentioned Alphabet Inc. (NASDAQ:GOOGL) and explained:

“We might do the same with Gemini from Google, reels from Meta, Copilot from Microsoft. Those are all consumer-oriented. Everybody understands the consumer because we’re consumers. Tech conferences have been like that ever since the first iPhone was rolled out into 2007 and that’s when you, the consumer, became the pre-eminent person when it came to tech.

You moved the needle with your choices. But before the iPhone, it was always the enterprise that mattered most because the enterprise is bigger than the consumer. It buys more hardware and software and… It’s predictable. It’s not hostage to advertising, to a fickle consumer.”

Alphabet (NASDAQ:GOOGL) is a conglomerate of companies, with Google being the largest. Its diverse range of widely used products and platforms, such as Search, Ads, Chrome, Cloud, YouTube, and Android, are accessed by billions of people daily.