We recently published 9 Stocks Jim Cramer Discussed As He Commented On Big Tech. Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently discussed.
Microsoft Corporation (NASDAQ:MSFT)’s shares have gained 22% year-to-date as the firm has managed to shift its AI narrative. While the shares had struggled in 2024, the firm has managed to convince investors this year about the profitability of its AI initiatives. In his previous remarks about Microsoft Corporation (NASDAQ:MSFT), Cramer discussed the firm’s recent SharePoint hack in detail and commented that it was difficult to criticize Microsoft. This time, he expressed disappointment about the firm’s cybersecurity strategy:
“But I do say when I read that [Microsoft SharePoint attack] my first thought was, come one Microsoft, will you cut it out? Will you get your. . software better? Partner again with Crowdstrike or something. This is embarrassing.”
Here’s what Cramer said about Microsoft Corporation (NASDAQ:MSFT) after the SharePoint hack:
“Because people did not know once again the vulnerabilities. And you can’t figure it out yourself because Microsoft is a little opaque. Now I have criticized Microsoft on this stuff. I don’t want to go there. Microsoft is a really powerful organization. You have to have their side. I don’t have their side. . . .
“[On whether the frequency of high profile attacks was getting less] No I think one of the things that we have to recognize is that, there’s a lot of these bad corporations that do this stuff. We have to recognize that Iran is very good at this. We have to recognize that Russia is very good at this. . .Because if you call Microsoft it isn’t like Microsoft trying to do a patch. Microsoft’s frantically trying to do a patch. These guys are frantically getting customers. Now it’s interesting, the hack was July 19th, Microsoft. What was July 19th? That was the day last year, eight million computers shut down because of a glitch of Crowdstrike. . . The anniversary! What goes around comes around. But Microsoft is more vulnerable than people realize. But you know what, go ahead and say that. Go ahead and say that. See if Microsoft doesn’t respond aggressively that you don’t know what you are talking about.”
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Disclosure: None. This article is originally published at Insider Monkey.
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