CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the company’s partnership with Anthropic, as he commented:
Oh, and for weeks, I’ve been hearing the drumbeat that CrowdStrike would be destroyed by Anthropic. But today, Anthropic announced a partnership with CrowdStrike as well as Palo Alto Networks and some others called Project Glass Wing to protect Anthropic users. Anthropic needs CrowdStrike. It doesn’t seek to wipe it out. Hence why CrowdStrike rallied 24 points, and I think there’s a lot more ahead there, too.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data. Cramer addressed the AI worries around the stock during the March 30 episode, as he stated:
There’s a private company, it’s called Anthropic. They’re developing an AI model with unchecked agent abilities that theoretically could have tremendous cybersecurity powers. Given the strength of Claude, the market believes this new offering from Anthropic will be devastating for the two preeminent cybersecurity stocks, Palo Alto Networks and CrowdStrike, both of which we, fortunately or unfortunately, depending upon the day, own for the Charitable Trust.
For a while, people seemed to be under the impression that with Anthropic’s new agents, we might not need traditional cybersecurity at all. Now, that is just dead wrong. In reality, the rise of AI should be a tailwind. That means good for Palo Alto and CrowdStrike because these same AI agents can be programmed by hackers to take over your network very easily. They are the vulnerability. Without the help of traditional cybersecurity, you’re more vulnerable than ever. George Kurtz, the CEO of CrowdStrike, said as much when he came on the show last Wednesday. I remember listening to him, and he was saying, look, you know, this is really good for us. Now, George has been straight with us all along.
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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
Disclosure: None. Follow Insider Monkey on Google News.
