Jim Cramer Highlights Alphabet Has Moved Into "Multiple Venues, Multiple Areas, Multiple Verticals"

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently provided insights on. Cramer highlighted the company’s ad business and commented:

“Well, Alphabet, Microsoft, and Meta are, at their core. tech companies. They’ve moved into multiple venues, multiple areas, multiple verticals, and that’s why I, when I think about Alphabet for instance, I now think of YouTube because it has that amazing business model where it makes a ton of money off ads… Google Search was supposed to be cannibalized by Gemini Alphabet’s AI platform. No, turned out… the two… taste great together. Shocked me… In my book, I talk about how I screwed this up. I didn’t believe that could happen, but it is that strong…

The ad basis on Google, it’s tremendous. I mean, it’s just so good. The most important is still, believe it or not, is not the ads at least from the point of view of Wall Street, that’s what we’re talking about tonight is Google Cloud, which has been on fire today. Google announced a deal with NextEra Energy to restart a nuclear plant… Of course, reopening a decommissioned… plant doesn’t solve the problem anytime soon. It won’t be ready until 2029… But Google has so much more business than they can handle, they gotta do it. I call that a high-quality problem. If they spend any time talking about their quantum computing business, that will be worth 10 easy points.”

Alphabet Inc. (NASDAQ:GOOGL) provides a range of technology products and services, including Search, YouTube, Android, Chrome, and Google Cloud.

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.