Jim Cramer Thinks Alphabet Stock is Going 'Up'
'What do you do when you sold a stock that, in retrospect, you think you should have held on to? That's one of the things I've been beating myself up around in front of club members who came in today. I'm remonstrating about the Charitable Trust sale of Alphabet, a longstanding position and a very big win that we sold. Why did I sell it? Well, first I can tell you that my idea for selling, it was a bad one. I made a mistake… It's centered on a big win by the Justice Department against Alphabet, where a federal judge deemed the company a monopolist. Why was that a mistake?… Well, because the legal remedy for a company that's a monopolist is simple.
A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities.
Alphabet (NASDAQ:GOOGL) provides a wide range of digital products and services, including Search, YouTube, Android, and Google Cloud, along with enterprise tools and AI solutions.
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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