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Jim Cramer Calls Workday an Enterprise Software Powerhouse

Workday, Inc. (NASDAQ:WDAY) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer discussed the company in light of Elliott Management buying a huge stake in the company. He stated:

“Look at this incredible run in the stock of Workday, the enterprise software powerhouse that helps businesses with human resources and financial planning. Like so many other enterprise software plays, Workday’s had a tough year, but today turned out to be a very good day for the stock, up more than 7% in response to the company’s annual Workday Rising customer event in San Francisco this week, but also their financial analyst day. By the way, we also got some big AI announcements and acquisitions, bunch of number, of new partnerships. Really, some fantastic things. And we found out about all of these at the analyst day that was done alongside their conference. Then, after the close yesterday, we learned that the genius activist investors at Elliott Management had taken up a big $2 billion-plus stake in the company. Unusually, Elliot simply announced a stake and gave a public vote of confidence in Workday’s management. I like that.”

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Workday, Inc. (NASDAQ:WDAY) delivers cloud-based enterprise applications for finance, HR, planning, analytics, and supply chain, helping organizations streamline operations and gain real-time insights.

While we acknowledge the risk and potential of WDAY 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 WDAY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 140 Metas
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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