We have recently highlighted 12 Stocks Mentioned by Jim Cramer During Quick Comments on Data Centers. Among these, ServiceNow, Inc. (NYSE:NOW) stands out as a company discussed by Jim Cramer.
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ServiceNow, Inc. (NYSE:NOW) operates as a software-as-a-service (SaaS) firm that specializes in automating workflow management. Cramer has previously noted the company’s role in assisting the US government with its data management initiatives. In a recent discussion, he revisited ServiceNow, Inc. (NYSE:NOW) in light of reports concerning the Trump administration furloughing over half a million employees:
“This is a statistic that might just take everyone by surprise. There’s a general sense of complacency surrounding it, with some estimations at 700,000, others at 900,000. But what if it surpasses a million? A million employees furloughed? . . . I noticed Palantir was down today; I’ve mentioned how its stock could rise significantly. This company conducts substantial business, as does ServiceNow. I don’t foresee long-term impacts on these firms. However, their target audience may be among those furloughed. It’s important to recognize that these companies are resourceful. They will reassure us, but the widespread perception is one of concern. . . I admire Bill McDermott and the remarkable success he’s achieving. Notably, it’s the only SaaS business I believe is outperforming in the AI sector. Still, David, if your clientele includes government entities, there could be some issues with accessibility during these furloughs?”
While we see the potential in NOW as an investment opportunity, we maintain that certain AI stocks may offer better prospects for significant returns and reduced risk. For those interested in an incredibly undervalued AI stock that stands to gain from Trump’s tariffs and onshoring initiatives, take a look at our free report on the top short-term AI stock.
CONTINUE READING: 30 Stocks Expected to Double in 3 Years and 11 Underrated AI Stocks to Invest In Now.
Disclosure: None. This article originally appeared on Insider Monkey.
