Alphabet Inc. (NASDAQ:GOOGL) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market.
Cramer highlighted the company’s position in the AI race, as he commented: How about Google?
Alright, now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now, it seems like it’s trying to raise any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven.
But wait one minute. Sure, there’s a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It’s entirely possible that we only will have one winner in this whole game, and if that’s the case, it’s going to be Google because of Gemini.