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Alphabet (GOOGL) Stock Higher Higher After Jim Cramer Said It Was A Good Quantum Computing Stock In January 2025
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Alphabet Inc. (NASDAQ:GOOGL) is one of the Jim Cramer’s Biggest Quantum Computing & Data Center Stock Hits. Technology giant Alphabet Inc. (NASDAQ:GOOGL) has a presence in search engine, cloud computing, video streaming, and other lucrative businesses. However, one aspect of the firm that caught Cramer’s attention is its quantum computing arm. Alphabet Inc. (NASDAQ:GOOGL) has made several quantum computing announcements, such as its Willow chip and its Quantum Echoes algorithm to speed up calculations. Over the year, the shares are up by 92%, while they are up by 58% since Cramer’s comments on Squawk on the Street. During this time period, one major catalyst came in November after Alphabet Inc. (NASDAQ:GOOGL)’s shares surged by 6% after Warren Buffett’s Berkshire Hathaway revealed that it had acquired a massive $4.93 billion stake in the firm. Cramer has admitted being wrong about advising viewers to sell Alphabet Inc. (NASDAQ:GOOGL) shares due to the firm’s tussles with the Justice Department. Other notable events that have occurred in 2025 include launching new AI products and performing well in the space. Here’s what Cramer said about Alphabet Inc. (NASDAQ:GOOGL) and quantum computing in January 2025: “But the idea that this is quantum’s hour, they’re the only, well it’s easy to say it [inaudible], the problem is, is it commercial? And there isn’t anyone who thinks that the companies that are currently trading are commercial companies. If you wanna play it, go own, go own Google.” 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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.