Jim Cramer on ServiceNow: “I Am Sure That Bill McDermott Will Put on a Good Show”

ServiceNow, Inc. (NYSE:NOW) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer praised the company’s CEO, as he said:

Now, we have an analyst meeting Monday for ServiceNow, okay, a stock that’s been hammered relentlessly because of the AI displacement worries that have dragged down the entire software as a service space. These companies typically charge per user, and that perception is that AI is wiping out too many jobs for that business model to remain viable.

I want to hear if customers are cutting the length of the contracts they’ve taken in preparation for AI agents reaching the point where they can take over from people and possibly do a better job than ServiceNow. The software as a service group caught fire today, though. Maybe that bodes well for ServiceNow. I am sure that Bill McDermott will put on a good show. He’s the CEO, and he’s a very good promoter of his company.

ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products.

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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