Alphabet Inc. (GOOGL): "This Stock Should Be Up Much More," Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Cramer regularly discussed tech mega-cap Alphabet Inc. (NASDAQ:GOOGL) ahead of its earnings. The firm’s shares have reversed course in July and are up by 1.9% year-to-date, primarily due to July’s 9.9% gain. Before the report, Cramer was explicit in sharing that he regretted selling Alphabet Inc. (NASDAQ:GOOGL)’s stock. This time, he discussed the firm’s businesses and shared that the stock should be higher after the earnings:

[GOOGL]”[On earnings report] Yeah, look cloud was important. I think the big focus is frankly, uh, that paid clicks picked up 4%. I mean I was thinking paid clips might be down, I was worried that I felt that this was the beginning of the erosion and the cannibalization versus Gemini. That was completely wrong. YouTube up 200 million. Really, really fantastic. . . .Look the story here is this that the more chips that they get, better they’re doing. They have so much demand I was quite surprised.

“Oh my god, YouTube’s got a great subscription model. We don’t think it, but we should We’re making a mistake. That’s [the] number one subscription model.

“If you’re an advertiser, and you’re on this call, you say I’m gonna send a check to Zuckerberg, in order to be able to be in Insta, I’ll send a check to these guys. . . it is extraordinary, I misjudged this one. I had no idea.

“This stock should be up much more than that.

“[On whether there was still risk from the Justice Department] Yes it is. And I bought into that nonsense, and where did it get me? Out 20 points ago! I will tell you, Philipp Schindler is the guy to listen to. He is the guy. He was the star of this conference call. I mean 54 billion dollars for Search? You should listen to Schindler. He’s the man.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.