ServiceNow (NOW) Might Have Been Able To Figure Out AI, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer recently discussed.

While Cramer’s remarks about ServiceNow, Inc. (NYSE:NOW) were brief, they are quite important. The firm, which provides enterprise cloud software for workflow management, has suffered from volatile investor sentiment in the AI era. ServiceNow, Inc. (NYSE:NOW) is part of a group of firms called software-as-a-service (SaaS) companies. AI’s ability to code software has negatively impacted SaaS stocks since it reduces the demand for their products. In his previous comments about ServiceNow, Inc. (NYSE:NOW), Cramer has kept the faith and recommended the stock. He believes that CEO Bill McDermott’s “become the most successful non-mega cap CEO in the entire market.” During this episode, he again asserted that ServiceNow, Inc. (NYSE:NOW) might not be facing trouble due to AI:

“ServiceNow, of course this week, and people think that Bill McDermott has skated past this AI challenge. . . that he’s been able to figure out AI.”

Source: Pixabay

Here are Cramer’s previous comments about ServiceNow, Inc. (NYSE:NOW) made on October 7th:

“I think ServiceNow is one of the few software-as-a-service stocks that I can still recommend without hesitation. I think Bill’s doing terrific with that company, and he’s a real great representative of his institution.”

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Disclosure: None. This article is originally published at Insider Monkey.