Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer called it one of the “best long-term growth stocks” of the past 2 decades
“Next up, I like Alphabet, one of the best long-term growth stocks that you could have owned over the past two decades… Justin Jefferson, he’s the Vikings receiver… I think of both Alphabet and Jefferson as known commodities with major new questions. For Alphabet, Google’s, the worry is how, how’s the advent of AI going to impact the core search business? So far so good… I think they’ll both be just fine.”
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides a wide range of technology products and services, including search, digital advertising, devices, YouTube, and cloud-based enterprise solutions. It also invests in emerging businesses through its Other Bets segment, including healthcare and internet services. Cramer mentioned the stock during the September 2 episode and said:
“Sometimes, the rewards for my strategy happen extraordinarily fast. Look at what happened after the close. Alphabet got a shockingly favorable antitrust ruling from a judge who I thought hated them. They won’t have to divest Chrome. They won’t be broken up in some punitive way for shareholders, and they can still make payments to preload Google even if they can’t have exclusive contracts. Now this is a huge win for Alphabet…”
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.
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