Jim Cramer on Selling Alphabet Stock for the Charitable Trust: "I Was a Fool"

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that Jim Cramer recently shed light on. Cramer talked about the company’s recent antitrust ruling in its favor and his Charitable Trust’s position in the stock. He said:

“Now, though, let us talk about what really matters. What happened today? Google and Apple, that’s what happened because they are today’s example of the dreaded, dangerous concentration… I listened to the sirens and saw one of the canaries fighting for its life last year. The canary was Google, now Alphabet. After owning this stock for years, in 2024, I decided that its version of artificial intelligence, Gemini, was cannibalizing its regular search… And more important, I was worried about the antitrust regulators going after them… You can’t be a monopolist. It’s illegal. I thought for a moment that this could be good news, that Alphabet could be broken into different pieces and that would amount to more than the sum of its parts kind of thing.

You know, [I] figured, wow, Waymo this and YouTube that, but the analysts and prosecutors told me that Alphabet would have to divest this thing called Chrome for nothing, maybe even have to pay to make Chrome independent…

I had a huge gain in Alphabet for the Charitable Trust. Now it was in jeopardy. It was supposed to be a death sentence for Alphabet, and I wasn’t going to electric chair with this one, so we sold it for the trust. In retrospect, I was a fool.

The concentration argument, as I’ve said, was a total canard… The court yesterday basically took back last year’s harsh ruling. It was a do-over. There’s no monopoly here at all… In the end, I listened to the sirens of negativity and I left the stock, but nothing really happened. I want my money back, but the scaremongers aren’t going to give it to me, the ones who worried about concentration. I left 50 points on the table.”

Alphabet Inc. (NASDAQ:GOOGL) provides a wide range of products and platforms, including Google Search, YouTube, Android, Chrome, and Google Play, along with hardware and subscription services. The company also offers cloud solutions, AI, and enterprise tools through Google Workspace, and invests in emerging businesses.

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