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Why Jim Cramer's Eyeing Google Cloud and YouTube

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Alphabet  (GOOGL) - Get Alphabet Inc. Report reported earnings. 

Alphabet reported earnings of $22.30 a share on revenue of $56.9 billion. Analysts were expecting earnings of $15.90 a share on revenue of $53.13 billion.

Services was by far Google's biggest revenue generator, with $52.9 billion in revenue in the fourth quarter. Cloud revenue for the quarter was $3.8 billion. Other bets generated $196 million in revenue.

And Alphabet was getting price target increases following earnings.

So, what did Jim Cramer make of the quarter?

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