ServiceNow, Inc. (NYSE:NOW) was among the stocks Jim Cramer discussed in this changing market. A caller inquired whether now is the time to buy the stock, noting that the multiple is down and that Cramer respects CEO Bill McDermott. He replied:
I think the stock is bottoming. I don’t think that it’s going to have a huge year because I do think that in the end, people want hardware. But I mean, do I agree that Bill McDermott’s going to do a good job? I think the stock is, again, I mean, there’s upside, but I feel there’s a little bit upside in some of the other softwares, too. But what I really want to be in is hardware because that is what’s moving in this new era of artificial intelligence, accelerated computing and just amazing opportunity.
A stock market graph. Photo by energepic.com
ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products.
While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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