Alphabet Inc. (NASDAQ:GOOGL) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. When a caller inquired about the stock, Cramer said, “I think Alphabet’s going to $400. I think you… win on Alphabet.”
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Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play. Cramer has been bullish on the company for a while now, and he explained why he has stuck with the stock on April 7, as he said:
Yesterday was Alphabet. I kept hearing that Google was doing badly, which would slow down the growth of Gemini. With Anthropic coming on strong, albeit for business, ChatGPT maintaining its success, you might have to abandon ship Alphabet. I just started buying it for the Charitable Trust. I thought it made no sense whatsoever. You get YouTube, Waymo, Search, Chrome, Gemini. So I didn’t dump it. I stayed in. It was a pretty bold thing to do. Now, it ramped up again, nearly 2%.
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