Was Jim Cramer Right About These 16 Stocks?

1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Investors: 413

Cramer was cautiously bullish on Alphabet Inc. (NASDAQ:GOOGL), despite concerns over its AI model Gemini, at the time. Here’s what he said:

“Alphabet’s AI initiative, Gemini, has some cultural issues that are, how do you say… suboptimal. Alphabet gets the halo of Apple’s huge installed base, not to mention lots of money for something they already spent billions developing.”

Google’s parent company’s shares have risen by 23.24% since the show aired last March, now trading at around $175.

Nevertheless, Cramer remains bearish on the stock. Here is what he said on the 11th of March about Google

“Alphabet I think is going to miss the quarter because I no longer think that Google is as effective versus Grok versus ChatGPT.”

While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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