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Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks discussed by Jim Cramer.
Software and cloud computing giant Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by a strong 108% over the past year and by 17% year-to-date. TD Cowen discussed the firm on June 9th as it raised the share price target to $475 from $450 and kept a Buy rating on the shares. At the center of its coverage was Alphabet Inc. (NASDAQ:GOOGL)’s cloud computing business. The financial firm remarked that Cloud should grow its data center capacity tenfold between 2022 and 2031. In his previous remarks about Alphabet Inc. (NASDAQ:GOOGL), Cramer has also praised the cloud business and its management. However, in this appearance, he was more measured with regard to Alphabet Inc. (NASDAQ:GOOGL)’s custom AI chips called TPUs:
“Broadcom’s different, David. Broadcom’s something, high expectations, with a big deal from Google that didn’t turn out to be as much business as I thought. . .look, I owned it, I owned it for my trust, so like, I’m not saying, hey it really wasn’t as bad. That was bad, and it has made me, you know, a lot of soul searching this weekend about how wrong I could have been. I was real wrong, because I believed that the relationship, I thought that was going to bebig upside on that relationship. And that Google had more demand, and that Google’s TPUs were better than, NVIDIA. I mean everything had a price.”
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The London Company Large Cap Strategy discussed Alphabet Inc. (NASDAQ:GOOG) in its Q1 2026 investor letter:
“Alphabet Inc. (NASDAQ:GOOG) – GOOG was a bottom contributor despite solid operating results, as strong growth in Search and Cloud was offset by investor concerns around elevated capex and evolving AI monetization. Sentiment was further weighed down by uncertainty around AI-driven search disruption and moderating advertising spend. While the stock faced pressure, the company’s dominant search franchise, growing cloud infrastructure business, and leadership position in AI development provide multiple growth drivers. We view the current valuation as attractive relative to the company’s market position, cash generation, and innovation capabilities.”
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.
