Alphabet’s Gemini (GOOGL) “Came Out of Nowhere,” Says Jim Cramer

Core Viewpoint - Alphabet Inc. (NASDAQ:GOOGL) reported strong earnings with $113.83 billion in revenue, surpassing analyst expectations of $111.43 billion, indicating robust performance in various sectors, particularly AI and cloud computing [2]. Financial Performance - The company achieved $113.83 billion in revenue, exceeding analyst estimates of $111.43 billion [2]. - Analysts have responded positively, with DA Davidson raising the share price target to $310 from $300 while maintaining a Neutral rating, citing growing demand for its cloud computing services [2]. - Cantor Fitzgerald reiterated a $370 share price target and an Overweight rating, emphasizing the company's high capital expenditure and dominance in AI [2]. Analyst Commentary - Jim Cramer expressed strong confidence in Alphabet Inc., suggesting it is a strong investment opportunity and highlighting the impressive performance of its cloud division under Thomas Kurian [2]. - Cramer noted the significant impact of depreciation benefits related to data centers, which enhances the attractiveness of current investments [2].