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A core pillar of our investment case in Google-owner Alphabet materialized Monday. Fellow Club name Apple selected Google's AI model, Gemini, to power the artificial intelligence features across Siri and other key products later this year. The multi-year partnership to integrate Gemini into Apple's foundation models, confirmed in an Apple statement obtained by Jim Cramer, represents a significant validation of Google's AI capabilities. "Gemini is the winner," Jim said Monday on " Squawk on the Street ," adding that Apple "did a fair look and decided Google is the best." Alphabet shares advanced more than 1.5% on after the news, hitting an all-time high of $334 each. The stock briefly joined the $4 trillion market-cap club before coming off its day's highs. Apple stock only gained 0.5% on the Gemini news. Last week, Alphabet surpassed Apple's market cap for the first time since 2019 and remained above it on Monday. The mega-cap tech partnership shows that Google's Gemini has stamped a dominant footprint in the AI war. It reinforces why we initiated our position in Alphabet in late December. While we stepped away earlier last year over concerns that Google was losing ground to OpenAI's ChatGPT, the rapid evolution of Gemini, especially its latest iteration and most intelligent model in Gemini 3, has flipped the script. Alphabet's Gemini is more than a chatbot: it is a reasoning engine built to process information in the same way a human does. This is news that Jim foreshadowed to Investing Club members in his first Sunday think piece of the year. "Gemini3 will soon cement its dominance by cutting a deal with Apple to be its sole source of AI content. That's 1.5 billion users. What will the others, including OpenAI, have?" he wrote on Jan 4, also calling Alphabet "the best-positioned hyperscaler, with the best, most accurate site, Gemini 3, and the best business model, thanks to the ingenious way it dovetails with Google." The enhanced partnership is also a positive for Apple as it looks to build out its AI strategy. The stock has been "a big disappointment since the year began," Jim said, citing investor concerns about a decline in its services revenue. Indeed, Apple has been the odd company out in the mega-cap tech cohort, given it lacks a clear AI roadmap. That's a key reason why it underperformed the broader market last year. A major fear among investors is that Apple will not deliver on AI features that should entice people to buy the latest iPhone, leading them to keep their older phones longer. But after speaking with Eddie Cue, Apple's senior VP of services, Jim found that the company's services segment is "incredibly strong." Wall Street is also taking a positive view. Wedbush's Dan Ives sees Monday's news as "an incremental positive to both AAPL and GOOGL," he wrote in a note to investors. Ives called it "a major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond." Jim reiterated his "own it, don't trade it" stance on Apple, and we maintain our $300 price target and 2-rating on the stock. As for Alphabet, we have a $350 price target and 1-rating on the stock. (Jim Cramer's Charitable Trust is long AAPL, GOOGL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Top listed cement companies may report a 30 per cent year-on-year rise in Ebitda in the quarter under review View More
Shree Cement is under investigation by the Ministry of Corporate Affairs. The company received a notice on January 1, 2026, for an inquiry under the Companies Act. Shree Cement will provide the requested information. The company stated this action will not affect its financial position or operations. View More
Shree Cement said on Friday it has received communication from the Ministry of Corporate Affairs (MCA) ordering an investigation under the Companies Act, 2013, and seeking certain information from the company. The cement maker said the Office of the Regional Director, North-Western Region, Ahmedabad, has initiated the investigation under Section 210(1)(c) of the Companies Act. The communication was received by the company on January 1, 2026, it said. Shares of the firm were almost flat at Rs 26,855 on January 2 as of 2:00 PM. Shree Cement clarified that the MCA has sought information from the company as part of the process and gave no details on any allegations of violations or contraventions at this stage. The company said it will provide the requested information in due course. The company added that the development will have no impact on its financial position, business operations or other activities, as the action is limited to seeking information. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Channel checks by some brokerages suggest that dealers in the South may attempt to pass on price hikes in January. However, sustaining potential price increases in the near term can be challenging View More
Apple has one more chance to get AI right after its failure in 2025. View More
In this articleAAPLFollow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook speaks as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, Sept. 9, 2025.Manuel Orbegozo | Reuters Apple has one heck of a mulligan coming ahead of its 50th anniversary in 2026.After failing on its promise to launch an artificial intelligence-supercharged version of Siri in March, Apple said it's on track to make it happen in the new year.The stakes are enormous. Apple's AI failure this year put even more pressure on it to deliver a breakthrough AI experience on the iPhone. Another whiff like that will only cement the idea that Apple is woefully behind its peers in AI and risks losing control over the next major computing platform to a rival like Google or a startup like OpenAI.Not only that, Apple must prove to investors that AI can generate meaningful sales growth after years of post-pandemic stagnation. How Apple got here We knew it was going to be a challenging 2025 for Apple long before the calendar turned over to the new year.With President Donald Trump's inauguration looming, no major tech company was more exposed to his impending tariff scheme than Apple.And then there was the looming AI question. Apple launched limited features for its Apple Intelligence system in the fall, but the real update, an AI-powered version of Siri that Apple advertised as a key feature in the iPhone 16, was scheduled to launch early in 2025. Apple shares were reaching new highs in anticipation of a groundbreaking AI experience built into the iPhone. It was all for nothing. It took months for Apple CEO Tim Cook to play the politician and woo the president with the promise of $600 billion in U.S. investments over the next four years, culminating in a stunning moment in the Oval Office when Cook gave the president a glass trophy with a solid gold base. The ploy worked. Even though analysts pointed out most of Cook's promised spending was already baked in, the president thought it was good enough. Trump dropped his demands for Apple to build iPhones on U.S. soil and gave Cook the tariff relief he wanted. With the tariff problem out of the way, Apple shares surged. The stock is up about 35% since that show in the Oval Office. Read more CNBC tech newsElon Musk envisions humanoid robots everywhere. China may be the first to make it a realityMeta acquires intelligent agent firm Manus, capping year of aggressive AI movesSoftbank to buy data center firm DigitalBridge for $4 billion in AI pushCalifornia's Ro Khanna faces Silicon Valley backlash after embracing wealth tax Let's try that again... Now, Apple has to solve its AI problem. Following an exodus of top execs, including AI boss John Giannandrea, Apple said it has the team in place to deliver the Siri upgrade in 2026, which could come as much as 21 months after the original announcement.Apple needs that new Siri to be good. Not just good enough to match the capabilities of popular AI chatbots like ChatGPT and Gemini, but also good enough to convince folks with older iPhones to upgrade to a new device so they can use it. Users need an iPhone 15 Pro or better to use Apple Intelligence.That was the Apple bull case a year ago. That Apple Intelligence, especially the new version of Siri, was going to be so amazing that people would get a new iPhone just to use it. That elusive iPhone "super cycle" was on the horizon. Nope. Perhaps next year. For investors, it's their best bet to see a boom in Apple shares from AI.Unlike the $20 per month OpenAI charges to use the full version of ChatGPT, Apple doesn't charge for Apple Intelligence. Unless Apple changes its strategy and starts charging a subscription, its only hope is to leverage AI to move new iPhones, Macs and iPads. It also opens up Apple to launch different kinds of hardware products, like the rumored smart glasses that could come as soon as next fall. But don't count on an accessory like that moving the needle too much at Apple. Apple rarely misses the way it did with AI this year, especially with something as important and as transformative as AI. Luckily for Apple, it's still early in the AI game. And it proved this year with the iPhone 17 lineup that new hardware designs and features can lead to sales growth. But it can only miss once. There's not going to be another chance for a mulligan. watch nowVIDEO3:4603:46AI models race to commoditization: Here's what to expectSquawk Box
Adani’s cement roadmap: The Ambuja-ACC-Orient merger aims for a significant synergy boost to challenge UltraTech’s market leadership. Will it improve long-term efficiencies? View More
Shree Cement’s calibrated approach to higher capacities should deliver on an efficient base of operations View More
In a rare interview, Shree Cement’s H.M. Bangur, a shrewd strategist, talks of organic growth, efficiency over size, and the 6 AM decision that saved his company from a total sell-off. View More
Ambuja Cements is merging ACC and Orient Cement into itself, creating a unified listed platform for enhanced operating leverage and cost synergies. This share-based transaction aims to consolidate Adani Group's cement assets, simplifying operations and bolstering expansion plans. View More
The merger follows a rapid acquisition spree since 2022 and aims to streamline operations, cut costs and create a single pan-India cement platform under Ambuja Cements. View More