Jim Cramer Thinks Alphabet (GOOGL) Can Hit $400 – Here's Why [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
Jim Cramer has openly regretted selling Alphabet Inc. (NASDAQ:GOOGL) shares due to AI-related threats and regulatory pressures. Cramer was uncertain whether the company would be able to keep its search dominance as more and more people turn to chatbots for answers. But the remarkable turnaround Alphabet Inc. (NASDAQ:GOOGL) made with its Gemini product made Cramer rethink his decision. He later bought back the stock for the Charitable Trust. In November, he explained the story and comeback of Alphabet Inc. (NASDAQ:GOOGL). “Alphabet already had a big leg up on other challengers to OpenAI,” Cramer said. “That's because they figured out how to link Google the search company to Gemini, the AI company, in a seamless way. It's a remarkable feat that many people thought there'd be a ton of cannibalization, but they just combined them onto the same page. The geniuses behind Alphabet and I mean geniuses, managed to figure out how to take advantage of Google to build Gemini, so it was never
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