Jim Cramer Says Tech Might Be “Favored” & Discusses 13 Stocks

1. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders In Q4 2024: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company that is still to fully recover from its historic software misconfiguration led outage last year. Since the outage, the shares are still down by 5.9%. Cramer has been nothing short of praise for the firm and its CEO George Kurtz in his previous remarks. He believes that CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s cash flow and orders are better than what people believe. This time around, he remarked that the outage was now behind the firm:

“Okay, so Crowdstrike, this is I’m going back and forth with George, I communicate a lot with George Kurtz. This is now behind them, the July 19th is behind them. And that was the point of this, it’s a volatile stock. . . .I just think that this is a remarkable company, it was in the four fifties when, 425, 450, then they reported. The quarter was fine. It wasn’t the blowout that people were looking for, the stock went down to 330, 340. It’s gonna come right back. It’s not necessarily Palantir, David, but it’s gonna come right back.”

“. . .But Crowdstrike is remarkable. . .owned by my trust, one of my absolute favorites. We bought a lot down here and I’m down 330, 340 and. . .its George Kurtz.”

“What I like about Crowdstrike best, is that George visited a 130 clients in a hundred days. In his worldwide apology tour. Most people they didn’t bother to apologize for anything.”

CRWD is a stock Jim Cramer recently discussed. While we acknowledge the 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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