CNBC Investing Club: Cramer’s Morning Take on CrowdStrike 3/24/26

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Jim Cramer (0:57)

Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take. But what's happening is that we have a thirst for hardware today. But software is under tremendous pressure. And a lot of people feel like my friend Ben Righteous at Meliis, look, AI, hate software. We get that constantly. But what I come back and say is we've been saying that Microsoft is challenged. We have two buy recommendations today and they can't move it. But I do like Krauts right down here.

Jeff Marks (1:44)

Yeah, we continue to point out that if there is a category insulated by software pressures, it should be cybersecurity. They are the ones, you know, gatekeeping the agents, so to speak, so very mission critical business that you're not going to want to let an LLM do for you because an LLM can hallucinate, but CrowdStrike has to get it right every single time.

Jim Cramer (2:12)

Right, and you can't have an LLM also being your cybersecurity agent because that would not be something that the insurance companies would allow insurance companies rule here. So I've ended by a little bit.

Jeff Marks (2:24)

It is interesting to see the software struggles. They kind of go hand in hand with private credit, which there's still a hangover on those stocks. We don't know a lot about it anymore.

Jim Cramer (2:34)

I think that's what's causing this decline.

Jeff Marks (2:35)

But there is that as well. Not as much of a bleed into some of the other financials. I saw Wells Fargo hanging in there today. Goldman may be down, but it's had a nice move over the last week or so.

Jim Cramer (2:51)

Wells Fargo, someone said, has more exposure to software than others. That's just not true. I know you can say whatever you want and not get in trouble. But that's not the way we look at it. We want to get the story right.

SPEAKER_5 (3:06)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_1 (3:38)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before, like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn more at schwab.com/trading.