Jim Cramer’s Bold Predictions About These 15 Tech Stocks

6. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders In Q3 2024: 202

Date of Cramer’s Comments: 10-14-24

Alphabet Inc. (NASDAQ:GOOGL), one of the biggest technology companies in the world, has faced a lot of weakness in 2024. This is because the firm has been in the crosshairs of the US government which has raised concerns of a potential breakup which can be devastating provided that Alphabet Inc. (NASDAQ:GOOGL) earns most of its money through search engine and advertising. These problems were also on Cramer’s mind when he shared:

“Now I don’t feel the same way, candidly, about Alphabet and in part, that’s because the government has made it much harder to own it, with this antitrust lawsuit that’s aimed for a breakup, something I’m very much opposed to. I’m also concerned about Alphabet’s ability to keep putting up strong earnings. Company now has a less defensible position because it’s become more of a media business and that’s a very competitive space… So, the stock’s a comeback kid and I am so glad we own some for the Charitable Trust.”

Since then, Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 15% but until November 22nd, the stock was flat. This was because the stock dealt with losses after reports of Meta having developed its search engine to rival Google Search and news of a potential sale of the Chrome web browser. However, Alphabet Inc. (NASDAQ:GOOGL)’s shares reversed tack in December after it announced a quantum computing chip breakthrough that can compute 10 septillion years worth of calculations in just five minutes.