Software giant Alphabet Inc. (NASDAQ:GOOGL) is one of Jim Cramer’s favorite stocks in the AI space. Over the past couple of months, he has repeatedly praised the firm’s AI models.
We recently published Jim Cramer Said Allbirds Management Are “Jokers” & Discussed These 18 Stocks. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks discussed by Jim Cramer.
Software giant Alphabet Inc. (NASDAQ:GOOGL) is one of Jim Cramer’s favorite stocks in the AI space. Over the past couple of months, he has repeatedly praised the firm’s AI models. Financial firm Mizuho adjusted Alphabet Inc. (NASDAQ:GOOGL)’s share price target to $420 from $410 and kept an Outperform rating on the stock on April 10th. It remarked that the company could significantly outperform consensus revenue estimates for its Cloud business in 2027. Mizuho also commented on Alphabet Inc. (NASDAQ:GOOGL)’s custom AI chips called tensor processing units (TPUs). According to the bank, the TPUs could create revenue upside for the software company due to a favorable cost structure. These factors led Mizuho to increase Alphabet Inc. (NASDAQ:GOOGL)’s earnings estimates. Cramer continued to praise the firm’s AI products:
“Alphabet continues to plug along. I like Alphabet very much, but you know a lot of people say, be careful on Alphabet, because, the next thing you know Gemini is going to be passed by. I think Gemini is fabulous, and it’s also the fastest. But, you know what, I’m fickle like everyone else, which brings me back to Claude.”
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