We recently published 12 Stocks Jim Cramer Talked About. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that Jim Cramer talked about.
Alphabet Inc. (NASDAQ:GOOGL) reported its earnings earlier this week and posted $113.83 billion in revenue to beat analyst estimates of $111.43 billion. The earnings came after Cramer continued to heap praise on the firm throughout January. The CNBC TV host believes that Alphabet Inc. (NASDAQ:GOOGL) is one of the strongest players in several industries, such as AI. Following the earnings, multiple analysts have discussed the firm. For instance, DA Davidson bumped the share price target to $310 from $300 and kept a Neutral rating. The financial firm commented that Alphabet Inc. (NASDAQ:GOOGL) is experiencing growing demand for its cloud computing business and added that the demand appears to be stemming from enterprise users. Cantor Fitzgerald reiterated a $370 share price target and an Overweight rating. Cantor focused on Alphabet Inc. (NASDAQ:GOOGL)’s capital expenditure to comment that while the expenditure was high, the firm’s dominance in AI was comforting. Given his optimism about the company, Cramer discussed Alphabet Inc. (NASDAQ:GOOGL) in detail following the earnings:
“My charitable trust has a small position, we’re looking to buy it. I think you have to buy it. This was a remarkable quarter, don’t pay any attention to the man behind the curtain, the stock price. Fact is that they are using this new compute for Google Cloud, okay? And David, do you know who Lebron James is? And you know who that is when it comes to Google? Okay, they call him Thomas Kurian. . .Thomas Kurian’s the head of Cloud. He’s the Lebron James of Cloud. And this number was so extraordinary, I am not worried. By the way, Schindler, Phillip Schindler did an amazing job with YouTube. I feel that the Gemini uptake is just rather incredible. I just was dazzled by this call. The analysts have to start catching up with how well they’re doing. And then, one more thing. It’s boring. . .the One Big Beautiful Bill, the bonus depreciation, you can just write this stuff off instantly. Because it is in data centers, not regular buildings. So this was just brilliant, people don’t understand, that depreciation makes it so it was worthwhile to buy this stuff now and remember, they are controlling it, they are not offloading it to say, Blue Owl.
