Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that received Jim Cramer’s latest comments. Cramer discussed the company’s rally for the year during the episode. He stated:
“Last week, we had another moment, this time from Google, which unleashed a new version of its own Gemini generative AI platform, a third version, and it was immediately hailed by many… As a regular and at times heavy user of ChatGPT, I too suddenly find myself migrating to Gemini. Normally, this kind of release doesn’t mean all that much. But the stakes in this business are gigantic. Alphabet, the parent of Gemini, has seen its stock rallying furiously, a real rocket ship. It’s up 68% so far this year, much of that coming in the last few weeks as more and more people realized it was undervalued versus the other six of the Magnificent 7. And then it went nuts, into overdrive as people started hearing about Gemini 3, and then they saw it, and wow. Alphabet already had a big leg up on other challengers to OpenAI. That’s because they figured out how to link Google, the search company, to Gemini, the AI company, in a seamless way… Remarkable feat… The geniuses behind Alphabet, and I mean geniuses, managed to figure out how to take advantage of Google to build Gemini. So, it was never hard to find, but it’s only with this Gemini 3 that there’s a real breakout in the stock.”
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides tech-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms like YouTube and Google Play.
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.