Jim Cramer Finds Elon Musk’s Grok AI Creepy & Discusses These 12 Stocks

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1. Okta, Inc. (NASDAQ:OKTA

Number of Hedge Fund Holders In Q1 2025: 65

Okta, Inc. (NASDAQ:OKTA) is a cybersecurity company whose shares are up 32% year-to-date despite a 16% drop in May. The firm is a cybersecurity company that allows businesses and organizations to protect their infrastructure by allowing only authorized users to access them. Okta, Inc. (NASDAQ:OKTA)’s shares sank in May despite the fact that the firm’s 86 cents in earnings and $688 million in revenue beat analyst estimates of $680 million and 77 cents. The stock dropped as the firm maintained its guidance and warned that it could face a tricky macroeconomic outlook after President Trump’s tariffs. Here is what Cramer said about Okta, Inc. (NASDAQ:OKTA):

“Another stock that you can buy that’s not in my trust, but I love cybersecurity, is Okta. They’re on tonight, Todd McKinnon, it is a remarkable company. It came back from a hack, and it’s still everybody’s favorite cause it’s identity and that’s so important as you stumble through and think that, like yesterday I got one, it looked so good. It was from the DMV, they wanted everything.”

Okta, Inc. (NASDAQ:OKTA)’s sector, cybersecurity, is one of Cramer’s favorites due to AI-induced demand and relative insulation to tariffs. Here’s what Cramer said about the firm in May:

“I think Okta is terrific. It’s one of the greatest companies. I tell you, anybody who works there has a great time, and they have done remarkable things. And Todd McKinnon is terrific, and so is cybersecurity…. This one is a winner. I’m going to give you a twofer… CrowdStrike and Palo Alto Networks, they’re all terrific.”

While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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