Jim Cramer Nominates ServiceNow “For the Best Quarter This Whole Entire Week”

ServiceNow, Inc. (NYSE:NOW) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer was quite optimistic about the company during the episode as he commented:

“My nomination for the best quarter this whole entire week, ServiceNow, Bill McDermott’s cloud software company, which I think will have the most AI for any tech service company backed up by big orders. Bill’s quietly become the most successful non-mega cap CEO in the entire market. It’s a solid opportunity for next week or next year, for that matter.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

ServiceNow, Inc. (NYSE:NOW) provides cloud-based digital workflow solutions through its Now Platform, which uses AI, automation, analytics, and low-code tools. During the lightning round of October 7, a caller inquired about the stock, and Cramer replied:

“I think ServiceNow is one of the few software-as-a-service stocks that I can still recommend without hesitation. I think Bill’s doing terrific with that company, and he’s a real great representative of his institution.”

While we acknowledge the risk and potential of NOW 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 NOW 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.