Jim Cramer’s Bold Predictions About These 10 Tech Stocks

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Date of Cramer’s Comments: 09-03-24

Performance Since Then: 28%

Alphabet Inc. (NASDAQ:GOOGL) is a mega-cap technology firm that hasn’t performed remarkably well on the stock market. Since Cramer’s remarks, its shares have gained 28%. This performance has come almost entirely on the back of the firm’s Willow quantum computing chip announcement in December. According to Alphabet Inc. (NASDAQ:GOOGL), Willow can compute calculations that would take a standard supercomputer 10 septillion years in less than five minutes. During the DeepSeek selloff, the shares lost a modest 4.2% but have recovered the losses since then. Here’s what Cramer said:

“Alphabet shares may be range-bound due to uncertainty around remedies in the antitrust case that went against Google’s parent company last month, according to Morgan Stanley. The analysts lowered their price target on the stock to $190 a share from $205 as a result, but kept their buy-equivalent rating. We own Alphabet for the CNBC Investing Club.”