Alphabet (GOOGL) Is A Top Long Term Quantum Computing Stock, Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Alphabet Inc. (NASDAQ:GOOGL)’s shares have reversed their trend as we settle into the year’s second half. While they are up by a modest 6.4% year-to-date, since late June,  the stock has gained 22%. A key reason driving Alphabet Inc. (NASDAQ:GOOGL)’s share performance is the performance of its cloud computing business. Additionally, not only do the firm’s troubles with the Justice Department appear to have been placed on the back burner, but it has also delivered strong performance with its Search and YouTube business. Cramer discussed Alphabet Inc. (NASDAQ:GOOGL) in terms of quantum computing:

“[When he wondered how many years away are we from scaled quantum and which stocks might be worth it] Well you know then the question is [inaudible] you really want to go after, it’s Google and it’s IBM.

“How about the fact that Alphabet, I mean you’ve got an Alpha-Perplexity just already making a bid in case Judge Mehta. . .says listen they got to get rid of Chrome.

“I think that maybe they think that they can influence the judge? I think that’s wrong, the judge is really not, the judge can’t be bought. Did you know that? . . .Some people feel that some judges are the best that money can buy, this is not one of those.”

Cramer mentioned Alphabet Inc. (NASDAQ:GOOGL) and quantum computing in an earlier episode as well. Here is what he said:

“Call me a believer, in quantum. And I think it’s catching up and doing something. Also by the way. . .Google [is] doing well.

“But I’ve got to tell you, quantum, I cannot believe that I’m a believer, but I am a believer.”

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.