The US stock market took a dire turn downward Thursday after US President Trump instructed a 10% baseline tariff. Indeed, the ‘Liberation Day’ import taxes have only enhanced the uncertainty surrounding the market. Moreover, it could be set to feed into Jim Cramer’s stance on Alphabet (GOOGL), as he previously shared his concern with the stock.
Cramer is quite the divisive figure in stock circles, but his perspective does still garner attention. The Google parent company has been one of the biggest tech firms for the last several years and could be set to surge if the market turns around. However, should traders share in Cramer’s worries over the Magnificent Seven stock?
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Jim Cramer Shares Concern Over Alphabet (GOOGL) as Market Nosedives
The US stock market took a turn after US President Donald Trump introduced new tariffs this week. Although the move was expected, the unveiling of a secretive plan introduced newfound panic into investors. Moreover, a sell-off saw the Dow plummet 1,400 points, with the S&P 500 dropping more than 4%.
That reality has driven even more worry directed at stocks that severely underperformed this year. One stock that has gotten negative attention from CNBC host Jim Cramer is Alphabet (GOOGL), which he has expressed ‘concern’ over amid the ongoing tariff drama.
Also Read: Google’s Alphabet Stock Price Prediction for April 2025
“You know, I got to tell you, the more I look at it, the more I am concerned that they bought Wiz,” Cramer said. “And I’m concerned. Why am I concerned? Because I stopped going to Google. I can’t be alone. There are just other places to go to,” the analysts added.
There is an increasing number of concerns regarding Alphabets’ AI spending. Moreover, its falling market share may not justify its $75 billion in planned capital expenditure. The stock has fallen more than 3% after the arrival of increased Trump tariffs. Subsequently, shares have fallen more than 9% over the last 30 days.
