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. 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. 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., 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. 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. 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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This article is originally published at Insider Monkey.
