tech
February 3, 2026
We're buying more of this name unfairly pulled into the software stock sell-off
Companies with a low risk of AI displacement are being lumped together with firms that may face genuine disruption.
TL;DR
- Jim Cramer's Charitable Trust is buying 10 shares of CrowdStrike at approximately $417.
- The trust's holding in CrowdStrike will increase to 255 shares, representing about 2.75% of the portfolio.
- Software stocks are declining due to fears that AI products will erode market share of enterprise SaaS companies.
- The release of advanced AI models and automation tools has accelerated concerns about AI's impact on software.
- Cramer acknowledges the validity of AI threats to software but argues that sector-wide sell-offs unfairly punish strong companies.
- Companies like Microsoft, Palantir, Palo Alto, and CrowdStrike are seen as likely to thrive despite AI disruption.
- Cybersecurity companies are viewed as a group unfairly punished, with AI seen as a tailwind due to sophisticated bad actors.
- CrowdStrike shares are down approximately 24% from their November high.
- The trust is also repurchasing 10 shares of CrowdStrike previously sold in June.
Continue reading the original article