We recently published 10 Stocks Jim Cramer Talked About. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer talked about.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company whose shares are down by 11% over the past year and by 23% year-to-date. The shares have lost more than 17% over the past couple of days following Anthropic’s announcement of a new cybersecurity tool for its Anthropic AI platform. This tool, according to the firm, will be able to scan software for vulnerabilities and suggest solutions. Earlier in the month, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) had scored a win after VPN provider Nord announced that it would use the firm’s software to power its Threat Protection Pro service and bring enterprise-level security features to consumers. Banking giant HSBC discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) on February 13th as it upgraded the stock to Buy from Hold and assigned a $446 share price target. The bank cited AI growth and valuation as among the factors that drove the optimism. Cramer has been a long-time believer in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and cybersecurity, particularly due to rising demand from AI use cases. In this appearance, his remarks were rather prescient:
“Now George Kurtz from Crowdstrike would say, we’re not doing that, we want to work with someone, good we’ll work with them. That’s not what we’re about. And yet, George and a lot of the other Crowdstrike, look at that, that’s horrible, the multiples have been shrinking in part because people are saying, well it’s just a matter of time before Anthropic bombs them too. Anthropic being the existential player in this business.”
Pixabay/Public domain
The CNBC TV host also tweeted about cybersecurity and AI:
“I totally get the destruction of SAAS and Enterprise software but the agents-which are unprotected- and the data, which they generate much more than humans, is unprotected, so i would be raising numbers, pt, Crowdstrike, not lowering.”
While we acknowledge the risk and potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWD and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
