Jim Cramer on Rubrik: “I Didn’t Think the Stock Should Have Gone Down”

Rubrik, Inc. (NYSE:RBRK) is one of the stocks Jim Cramer highlighted in his new lightning round. A caller asked for Cramer’s thoughts on the stock during the lightning round, and he commented:

“I thought the last quarter was good. I, the stock got hit on the quarter. I don’t, you know, maybe I’m not the call on this. I didn’t think the stock should have gone down. So I like it, and I think you’re okay.”

Photo by jason briscoe on Unsplash

Rubrik, Inc. (NYSE:RBRK) delivers data security and protection solutions spanning enterprise, cloud, SaaS, and unstructured data, with offerings in threat analytics, security posture, and cyber recovery. When a caller inquired about the stock in an April episode, Cramer replied:

“Okay, this is again, it’s another stock, Bipul Sinha came on the show. I thought he told an amazing story, cybersecurity. Do we need to be in a Mag Seven when we can be in a Rubrik?”

Since the above comment, Rubrik, Inc. (NYSE:RBRK) stock is up 6%.

While we acknowledge the risk and potential of RBRK 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 RBRK 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.