Jim Cramer said Thursday he's not given up hope in Alphabet yet despite its ongoing regulatory woes and lagging stock performance.
CNBC's Jim Cramer on Thursday expressed frustration over Alphabet 's ongoing regulatory woes and stock underperformance, but said he's reluctant to exit the stock at this point in the AI race. "I've held onto Alphabet way too long," Cramer said on "Squawk on the Street." "It's been a bear...I should get out of Alphabet." His Charitable Trust, the portfolio used by the CNBC Investing Club, has owned the stock for more than a decade.
and say, 'You know what, we're also going to have their AI,' and then I'll get a better chance," Cramer said. In addition to battling a perception that it's behind in the AI race, Alphabet has faced a series of legal overhangs in recent years. Google's second antitrust trial starts next week over the company's digital advertising practices. This follows a federal U.S.
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