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Jim Cramer on CrowdStrike: “I’m Thinking This Stock is a $500 Stock”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer weighed in on. Noting that cybersecurity stocks seem to be under fire lately, a caller asked if the club’s price target of $520 is still valid on the stock. In response, Cramer said:

“You bet it is, and I think George is doing, I’m speaking here of George Kurtz, there’s a great interview by the way, Yahoo Finance, just tells you all that you need to know. I think CrowdStrike is in, I think it’s a crouching tiger. That’s what I think it is, and I’m thinking this stock is a $500 stock. That’s how much I like CrowdStrike.”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivers cybersecurity through its Falcon platform, and it provides cloud-based protection for endpoints, workloads, identities, and data through a subscription model. The company’s services include threat intelligence, vulnerability management, identity protection, AI-driven automation, and security operations tools. Cramer mentioned the stock in the last week of August. He commented:

“The market often gets things wrong during earnings season, but sometimes it self-corrects pretty quickly. Take CrowdStrike, the cybersecurity play that we own for the Charitable Trust. Last night, CrowdStrike reported what I thought was a very good set of numbers. Aside from a slightly soft revenue outlook for the current quarter, everything else was just terrific. Yet the stock plunged in after-hours trading to the point where we told members of the CNBC Investing Club, buy, didn’t even wait, just buy. Sure enough, after opening down hard this morning, CrowdStrike came roaring back, finishing the session up more than 4%. It was the fifth best performer in the entire S&P.”

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.

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.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

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.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • 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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