TLDR
- Alphabet stock hit a new all-time high of $338 per share on Tuesday, up 2%, following Monday’s record close of $334
- Jim Cramer predicts Alphabet can reach $400 per share, representing 20% upside from current levels
- The stock gained 65% in 2025 and is up nearly 5% to start 2026, outperforming other Magnificent 7 tech stocks
- Alphabet’s multi-year partnership with Apple to integrate Gemini AI is seen as a key growth driver
- Bank of America notes the company needs continued Gemini leadership and increased search monetization to maintain momentum
Alphabet stock reached another record high Tuesday as Wall Street’s most vocal tech bulls doubled down on their bullish call.
CNBC’s Jim Cramer told viewers he expects shares to climb straight to $400. That would represent roughly 20% upside from current levels.
The Google parent closed at $338 per share Tuesday, up 2% on the day. Monday’s close of $334 set the previous all-time high.
The stock has become a standout performer even as investors rotate away from high-flying tech names. Meta has dropped 4.7% year-to-date while Nvidia slipped 1.7% and Tesla fell 0.6%.
Alphabet gained nearly 5% to start 2026 after posting a 65% rally in 2025. That 2025 performance made it the best performer among the Magnificent 7 tech stocks.
Cramer admitted he regretted selling Alphabet shares from his Charitable Trust last spring. He spent the rest of the year watching the stock climb without him.
AI Partnership Powers Growth Story
The company’s multi-year deal with Apple has reshaped investor sentiment around Alphabet’s AI capabilities. Google’s Gemini AI models will be integrated into Apple products.
The partnership is expected to drive Gemini usage higher and cement its position against ChatGPT. Cramer called Gemini 3 a “home run” and said he uses it regularly as a compilation tool.
The Apple integration helped push Alphabet into the $4 trillion market-cap club. It now sits alongside Nvidia, Microsoft, and Apple in that exclusive group.
Antitrust trials that worried investors earlier ended with minimal impact. Cramer described the outcome as “just a slap on the wrist.”
Bank Sets Conditions for Continued Rally
Bank of America outlined what Alphabet needs to deliver for shares to keep climbing. The company must maintain Gemini’s technological leadership over competitors.
Cost advantages from custom tensor-processing units will be crucial. Search monetization also needs to increase to justify current valuations.
The bank wrote that the “AI cycle is moving in the right direction for Alphabet” in a Tuesday note to investors. Cramer maintains his $350 price target on the stock.
His Investing Club initiated an Alphabet position in late December. He said he would wait for a pullback before adding more shares since the position is already profitable.
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