Jim Cramer on CrowdStrike: “I See Little or No Possibility of or Threat of AI Disruption”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the software stocks that Jim Cramer named as potential undervalued buys. Cramer noted that the trust is sticking by the stock despite the decline, as he said:

Now, here’s two that I just say, time to buy. We own Palo Alto Networks and CrowdStrike for the Charitable Trust. We’re sticking with them even though these stocks are down 29 and 30% from their highs, respectively. These are the top two consolidators in the cybersecurity space, and they’re so important to their customers that I see little or no possibility of or threat of AI disruption. I think that they could… work hand in hand with AI. If anything, AI means more business for them, though, because this new technology gives bad actors powerful tools to hack into your networks.

You almost never get a chance to buy Palo Alto or CrowdStrike at deep discounts, so if you don’t own them already, I would pounce. Of all the stocks mentioned, these two are my favorites because Anthropic cannot possibly duplicate or even improve on what they have built. We bought some CrowdStrike into this dip because the decline is way out of whack with the company’s prospects. We know that it might not bottom here, but sometimes you have to take a bit of risk with high-quality franchises.

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data.

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