We recently published 10 Stocks Jim Cramer Talked About. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer discussed.
When it comes to Alphabet Inc. (NASDAQ:GOOGL), Jim Cramer just can't stop being optimistic about the firm. Over several previous appearances, he has discussed the firm's YouTube business, its cloud computing platform, and its quantum computing strengths. In fact, in his morning appearance on November 14th, the CNBC TV host went ahead and stated that "I would step in on that one. I’d dip my toe in that one.” Alphabet Inc. (NASDAQ:GOOGL)'s shares are up by 52% year-to-date; a fact that's also led Cramer to lament selling the stock due to worries about the firm's tussles with the Justice Department. In this appearance, he discussed Alphabet Inc. (NASDAQ:GOOGL) in the context of OpenAI and mentioned a podcast that he listens to:
"Well you know what, look, I don't want to steal something because I've got these guys that I'm on, for a podcast this morning, TBOY, and they're really pretty terrific. That's The Best One Yet. It was a great podcast. But they're saying, listen, what's happened here, is OpenAI wants to be Alphabet, but we don't need OpenAI because Alphabet is, Alphabet has everything that OpenAI would like to have. I think it's a great analysis. And I think it became clear to people over the last 100 points, that Alphabet is the best of all these. And if OpenAI thinks they can take on Alphabet, they're greatly mistaken. They can come up and be number two, I know, they want to be number one in everything. . ."
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.
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Disclosure: None. This article is originally published at Insider Monkey.