Jim Cramer recently highlighted Alphabet Inc. (NASDAQ: GOOGL) in his discussion of 12 noteworthy stocks. Following the company’s impressive earnings report—$113.83 billion in revenue, surpassing analyst expectations—Cramer praised Alphabet as a leading force in various sectors, particularly in AI. Analysts have responded positively, with DA Davidson raising its price target to $310 and maintaining a Neutral rating, citing increased demand for Alphabet’s cloud services from enterprise users. Cantor Fitzgerald reiterated a $370 target, emphasizing Alphabet’s strong position in AI despite high capital expenditures. Cramer expressed optimism about the firm’s performance, mentioning key figures like Thomas Kurian, head of Cloud, and Phillip Schindler of YouTube. He noted that Alphabet is making significant strides in AI, outpacing competitors like OpenAI’s ChatGPT. For investors seeking promising AI stocks, there are alternatives with higher upside potential. For more on this, check our report on the best AI stocks to buy now.
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