Alphabet (GOOGL) Stock: Cramer Calls Conference Call “Tour De Force
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Jim Cramer’s Take on Alphabet (GOOGL): cloud Business surpasses Amazon?
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What Happened: Alphabet’s Earnings Beat and cloud Backlog
alphabet Inc. (NASDAQ:GOOGL) recently reported earnings that exceeded analyst expectations for both revenue and EPS. This positive news led to a 4% jump in the company’s share price. A key driver of this optimism was the proclamation of a $155 billion cloud backlog.
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Cramer’s Analysis: Google Cloud as a “Monster”
“Yes and you know Thomas Curry, he doesn’t get credit at the call, but he did Google Cloud. And Google Cloud is a monster. People are going to be talking about Google Cloud tonight compared to Amazon now the shoes for Amazon are now big. I don’t know, as much as the long knives are out for Mark, they might be out for Jass.”
Jim cramer characterized google Cloud as a “monster,” suggesting it’s rapidly becoming a significant competitor to amazon Web Services (AWS). He highlighted the performance of Google Cloud during the earnings call, noting that Thomas curry’s contributions were underappreciated. Cramer believes the pressure is now on Amazon to maintain its dominance in the cloud market.