Jim Cramer Calls CrowdStrike as One of His Favorite Stocks

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer recently talked about. Cramer noted the stock’s action after Jensen Huang’s endorsement, as he said:

“Or how about CrowdStrike, one of my favorite stocks that, along with Nvidia, we own for the Charitable Trust. It was cruising along, up seven bucks today, and then Jensen Huang, yes, the CEO of Nvidia, said something at his GTC conference in Washington. He told people, ‘I can’t think of a better company to protect AI than CrowdStrike.’ Bingo. Boom. A quick 10 more points as Jensen announces a collaboration with CrowdStrike to make cybersecurity AI agents.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company provides protection for endpoints, cloud systems, identities, and data. During October 7 episode, an investing club member inquired about the stock and Cramer replied:

“Okay… All the cybersecurity stocks are the same way. But I think, I believe in George Kurtz. I think that stock goes higher, maybe even much higher.”

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.