Jim Cramer Says Buy 2 Trillion-Dollar AI Stocks -- Wall Street Agrees.

Group 1: Alphabet (GOOGL) - The investment thesis for Alphabet focuses on its strong presence in digital advertising and cloud computing, with significant growth potential due to its expertise in artificial intelligence (AI) [5] - Alphabet's Google Search has adapted to AI advancements, enhancing user engagement through features like AI Mode and AI Overviews, which are based on proprietary Gemini models [6] - Google Cloud has gained market share, with revenue growth accelerating for three consecutive quarters, driven by demand for its Gemini models and Tensor Processing Units (TPUs) [6] - Alphabet has monetized TPUs externally, signing multibillion-dollar deals with companies like Meta Platforms and Anthropic, and is collaborating with a large investment firm for TPU-based cloud services [7] - Wall Street anticipates Alphabet's earnings to grow by 11% annually through 2027, with a median target price of $385 per share, indicating a 29% upside from the current price of $299 [8][9] Group 2: Amazon (AMZN) - The investment thesis for Amazon centers on its strong position in online shopping, digital advertising, and cloud computing, leveraging AI to drive growth across all segments [10] - Amazon Web Services (AWS) leads the cloud market with a 41% revenue share, and its cloud revenue growth accelerated to 24% in the fourth quarter, the fastest in 13 quarters [11] - Amazon has developed custom AI accelerators, Trainium and Inferentia, with a significant deal with OpenAI valued at approximately $138 billion, contributing to a revenue run rate of $10 billion for custom chips [12] - Despite a 15% decline in stock price, attributed to a $200 billion capital expenditure plan, the heavy investment in AI infrastructure is expected to yield significant returns, with Morgan Stanley identifying Amazon as an underappreciated generative AI winner [13] - Wall Street projects Amazon's earnings to increase by 15% annually through 2027, with a median target price of $285 per share, suggesting a 31% upside from the current price of $217 [14][9]