Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Alphabet Inc. (NASDAQ:GOOGL), despite being one of the major players in the global AI industry, has struggled on the stock market recently. The firm’s dominant position in the search engine and online advertising market has brought it in the crosshairs of the Justice Department whose lawsuit has generated reports that Alphabet Inc. (NASDAQ:GOOGL) might have to split off businesses such as Android and Chrome. While Cramer has commented on these developments, as well as the firm’s well-known Willow quantum computing chip, this time around, he talked about Alphabet Inc. (NASDAQ:GOOGL) in the context of TikTok being banned in the US:

“But the one thing I would point out, what’s really positive, is when you listen to chief justice Roberts last week on this TikTok ban, he was just so critical of the TikTok side that I want to go with the idea that Google’s YouTube and Meta for Reels, they are the winners. I think that TikTok is going to be stopped. You won’t be able to get the updated version. It’s really something rather amazing. I don’t think that many people saw it, it’s going to happen sooner than expected.”