Jim Cramer’s Bold Predictions About These 15 AI Stocks

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders In Q3 2024: 160

Date of Cramer’s Comments: 08-19-24

Performance Since Then: 15.24%

Alphabet Inc. (NASDAQ:GOOG) is the embattled technology giant whose shares have struggled in 2024 as it battles action from the Justice Department and continues to rely on search engines and advertising for most of its revenue. Its shares have gained 39% year-to-date, but at the start of December, the stock was up by 22.16% in the year. Alphabet Inc. (NASDAQ:GOOG)’s December share performance has been driven by quantum computing, as the firm’s new Willow chip touts the ability to significantly improve computation times over traditional supercomputers. December has also seen the firm offer to loosen up its search engine deals to resolve the Justice Department’s case. In August, Cramer recalled his thoughts at the time of Alphabet Inc. (NASDAQ:GOOG)’s IPO:

“On this the 20th anniversary of the IPO, I want you to consider the saga of Google. I like the saga so much; it makes me happy. When it went public, it used a Dutch auction system which favored buyers over sellers. You got a driven price if you managed to snag a piece of it. I remember mentioning on air that I thought Google was worth about $300 that day, a price so high that our lawyer called me to ask how I came up with that number. I said I would have used $500 but was being conservative.”