Dionysis Partsinevelos
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We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where ServiceNow, Inc. (NYSE:NOW) stands against other stocks that Jim Cramer discusses. A caller who previously acted on Cramer’s buy recommendation returned after a sharp decline in enterprise software stocks, wondering if ServiceNow, Inc. (NYSE:NOW) was still worth holding. Cramer made it clear this was one of the exceptions in the sector:
“ServiceNow could be an exception… they’ve got that rule of whatever — Rule of 90 — and they have not missed. They’ve made it… They may be the only one where if you go to Nvidia, you might see ServiceNow.”
A team of software engineers at desks working on code for a cutting-edge cloud computing solution.
Indeed, an exception. The stock has surged by +50.56% since then.
ServiceNow Inc. (NYSE:NOW) provides cloud-based workflow automation software that helps enterprises digitize operations across IT, HR, security, and customer service.
Jim Cramer remains a fan of ServiceNow. Here’s what he said about it on May 23:
“I also like ServiceNow. I love what Bill McDermott’s doing. They’re actually going at each other right now, or at least Bill McDermott’s declared war, so to speak on Salesforce. These are two really fine companies, and over the long term, they’ve both been sensational.”
Overall, NOW ranks 9th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
