Alphabet (GOOGL) Shares Being Down is "Just Plain Stupid," Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks on Jim Cramer talked about.

Within a year, Jim Cramer has turned increasingly optimistic and bullish about technology giant Alphabet Inc. (NASDAQ:GOOGL). Early last year, he sold the shares on the back of worries about the Justice Department’s action against the firm. Now, the CNBC TV host is one of the stock’s biggest proponents as he believes its Gemini AI platform is one of the strongest in the market. Alphabet Inc. (NASDAQ:GOOGL) scored a major win earlier after Gemini was chosen by Apple as the model of choice for a future variant of Siri. Cramer had predicted the deal before it was announced. Alphabet Inc. (NASDAQ:GOOGL) has also seen increasing bullishness from analysts in January. For instance, Scotiabank raised the share price target to $375 from $336 and kept an Outperform rating. It pointed out that the technology company stands to benefit from AI monetization.

“The fact that Alphabet’s down is just plain stupid. That’s been a big winner all morning. So I just say those are the two places to go if you wanted to make some money. . .”

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.

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.