We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.
Alphabet Inc. (NASDAQ:GOOGL)’s stock has turned a leaf after the firm won a reprieve from court through a historic ruling, which allowed it to continue owning Chrome and keep paying Apple to make Google Search the default iOS platform. Since the ruling, Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 11% to push its market value to a whopping $2.8 trillion. Such large moves are uncommon for trillion-dollar companies. As a result, Cramer compared Alphabet Inc. (NASDAQ:GOOGL)’s share price movement to small-cap stocks:
“These stocks are bouncing like you wouldn’t believe like Google was a small cap stock yesterday.”
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Here are Cramer’s complete thoughts about Alphabet Inc. (NASDAQ:GOOGL) after the court ruling:
“Now, though, let us talk about what really matters. What happened today? Google and Apple, that’s what happened because they are today’s example of the dreaded, dangerous concentration… I listened to the sirens and saw one of the canaries fighting for its life last year. The canary was Google, now Alphabet. After owning this stock for years, in 2024, I decided that its version of artificial intelligence, Gemini, was cannibalizing its regular search… And more important, I was worried about the antitrust regulators going after them… You can’t be a monopolist. It’s illegal. I thought for a moment that this could be good news, that Alphabet could be broken into different pieces and that would amount to more than the sum of its parts kind of thing.
