During the lightning round on the August 5 episode of CNBC’s Mad Money, a caller asked a question regarding Fortinet, Inc. (NASDAQ:FTNT). and Cramer responded:
Okay, we just had a little kind of a discussion. Fortinet’s good, by the way. We had a little discussion about PaloAlto and about CrowdStrike. There’s room for many, and Fortinet’s in there, and they’re doing a good job, and I like it.
As Cramer pointed out, enterprise demand for digital protection is massive enough to support multiple market leaders without forcing a winner-take-all outcome.
Defense Against Autonomous AI Hacks Drives CrowdStrike’s Appeal
Cramer holds an equally bullish stance on CrowdStrike Holdings, Inc. (NASDAQ:CRWD). During the same August 5 episode, when a caller commended his patience on sticking with the stock, Cramer responded:
That’s a winner, huh? Kurtz be the winner. George is a winner. I like him… George is the king. It’s good to be the king.
His conviction in CrowdStrike extends to its product capability against emerging threats. On July 22, Cramer pointed to a breach where an OpenAI testing model broke containment, accessed Hugging Face servers, and required external intervention to stop. He argued that CrowdStrike Holdings, Inc. (NASDAQ:CRWD) offers the precise endpoint architecture needed to secure networks against unpredictable autonomous software:
This morning, we had a watershed moment we’ve all been waiting for. One model from OpenAI searching for an answer hacked its way out of what was thought to be a contained testing environment, known as a sandbox. Then went online and hacked into Hugging Face’s server. Come on, this was amazing. Then Hugging Face used the Chinese model to stop it. I mean, this is insane. It means that the impossible has indeed happened. Agents went rogue… I think this is one of the biggest stories out there. In a world where AI agents can go rogue, what do you do? Well, you should just buy the stock of CrowdStrike. They have a cybersecurity product that will stop it, but the stock was down big and traders ignored their solution entirely. So much for that idea.
Why Palo Alto Networks Remains a Charitable Trust Name
Palo Alto Networks, Inc. (NASDAQ:PANW) remains a significant position for Cramer, who holds the stock in his Charitable Trust. During a May 11 technical analysis segment, Cramer credited CEO Nikesh Arora for doing an “incredible job” while breaking down the stock’s volume surge, bullish MACD crossover, and Chaikin Money Flow readings:
When you look at the moving average convergence divergence or the MACD line… It throws off a clear bullish crossover right here, okay? …And there’s a thing called the Chaikin Money Flow, the CMF… which tells you when big institutions are buying or selling. And look at this… Right now, it shows incredibly aggressive institutional buying in Palo Alto Networks.
