Jim Cramer on Alphabet: "It Was a Mistake to Throw in the Towel Because of Fear"

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently talked about. Cramer highlighted his regret on selling the stock for the Charitable Trust, as he stated:

“We sold Google for the Charitable Trust at a considerable gain, but we left a darn double on the table. I thought Google would be hobbled by antitrust woes and the judge who seemed bent on punishing it as a monopolist. Instead, the judge changed his mind and blessed the company, including the $20 billion payment to Apple to be the sole built-in search provider.

I thought that Gemini, their AI product, would cannibalize Google’s amazing search margins. No, it complemented them and enhanced them. The only reason I’m not kicking myself is we took our profits from Google and invested them in Broadcom, which has been a really outstanding performer. Still, it was a mistake to throw in the towel because of fear.”

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.

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