Alphabet Inc. (NASDAQ:GOOGL) saw a 4% jump in shares after beating revenue and EPS estimates in its recent earnings report, with a $155 billion cloud backlog. Jim Cramer praised Google Cloud’s performance, comparing it to Amazon. While GOOGL shows promise, some AI stocks may offer higher returns with less risk. For more insights on AI stocks, check out our free report on the best short-term AI stock. This article was originally published on Insider Monkey.

Read more at 1. Amazon reports a 44% increase in net sales for the first quarter of 2021, reaching $108.5 billion. – finance.yahoo.com
2. Microsoft surpasses expectations with a revenue increase of 19% in Q1 2021, reaching $41.7 billion. – finance.yahoo.com
3. Tesla’s revenue jumps 74% in Q1 2021, hitting $10.4 billion, driven by record vehicle deliveries. – finance.yahoo.com
4. Google’s parent company, Alphabet, reports a 34% increase in revenue for Q1 2021, totaling $55.3 billion. – finance.yahoo.com
5. Apple posts a revenue of $89.6 billion in Q1 2021, exceeding analyst expectations and marking a 54% increase. – finance.yahoo.com: Alphabet (GOOGL)’s Conference Call Was “A Tour De Force,” Says Jim Cramer