Jim Cramer Crowns Alphabet Earnings Winner; Sees $400 Target

Jim Cramer named Alphabet the top performer among major tech companies following their recent earnings reports. Cramer projected that Alphabet's stock price could rise from $370 to $400, noting that nearly all Wall Street firms raised their price targets for the stock. The positive sentiment was driven by Alphabet's stellar first quarter, which surpassed revenue and earnings estimates. Key growth drivers highlighted were the acceleration of Google Cloud and the increasing capital expenditure on AI infrastructure. In contrast, peers like Meta faced investor scrutiny regarding their return on investment (ROI).