Alphabet Inc. (GOOGL): "The Waymo Deal's Good,' Says Jim Cramer

We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 5.8% year-to-date on the back of several catalysts, such as the strong performance of its YouTube and cloud computing businesses. In his previous comments about the firm, Cramer has regretted selling the shares on the back of pessimism surrounding its affairs with the Justice Department. Alphabet Inc. (NASDAQ:GOOGL) is also operating in the autonomous driving industry through its Waymo business. Along with Tesla, Waymo is one of the largest self-driving operators in the US. Cramer discussed Alphabet Inc. (NASDAQ:GOOGL)’s Waymo during the show:

“No, the Waymo deal, the Waymo deal’s good. I love Waymo. Waymo’s cheap, Waymo’s very cheap, David. I go to McDonald’s and I use Waymo. You’re full service, I know you like the black cars. I have taken Waymo’s to McDonald’s. . .”

Here are his recent thoughts about Alphabet Inc. (NASDAQ:GOOGL):

“Third, Alphabet. Google Search and YouTube are doing amazingly well. You know what, I thought that Gemini, their AI platform, would cannibalize regular Google. Wrong. It hasn’t. Instead, they’re complementary. Business is very, very strong. And Alphabet had a remarkable quarter for all divisions, including Waymo… which is building a nice lead over the rest of the autonomous vehicles in the space. They, Microsoft, Meta are buying a gigantic number of NVIDIA chips and that’s who wins.”

While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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.