Jim Cramer Says "Google Spent to Defeat Bing and All Other Comers, I Think It's Doing It Again."

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer commented on. Cramer noted that the company reported a “stunning quarter,” as he said:

We know some tech companies can transcend the morass. Alphabet, the parent company of Google, reported a stunning quarter this evening with their Gemini 3 platform already racking up an astounding 750 million monthly average users. But any gains could be a little muted there because they are spending about $175 to $185 billion on capital goods. Wall Street was only looking for $115 billion. That’s a big chunk of money. By the way, a lot of that could be headed to Google favorite Broadcom. But it’s a $4 trillion company, I’m not sweating the program. Gemini’s winning the AI race, at least on the consumer side, so I think it’s worth every penny to spend. Remember, Google spent to defeat Bing and all other comers. I think it’s doing it again. It worked.

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.