Alphabet Inc. (NASDAQ:GOOGL) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks.
Cramer noted that he did not see the issuance coming, as he remarked: There’s the equity issuance from Google last week
Now I didn’t see it coming. You didn’t see it either. It was brilliant if you work at Google… You now have the money to build more… data centers to keep your cloud customers from going to another competitor.
And that’s what they’re going to do. It’s bad for everyone else, though, especially shareholders of Meta, Amazon, and Microsoft. The ease with which Google raised the cash was incredible.