Jim Cramer discussed Okta, Inc. (NASDAQ:OKTA) as a potential beneficiary of SpaceX’s Starlink Internet helping President Trump. The American software company saw a 16.7% YTD increase despite a 16% drop in May. CEO’s warning of slowed growth due to economic conditions didn’t stop it from beating analyst estimates in Q2 earnings. Cramer praised CEO Todd McKinnon’s performance in the earnings call.
Cramer previously expressed liking for Okta, Inc. (NASDAQ:OKTA) but favored CrowdStrike. While Okta holds investment potential, AI stocks may offer higher returns with limited downside risk. For an AI stock benefiting from Trump tariffs and onshoring, check out Insider Monkey’s report on the best short-term AI stock.
Read more at Yahoo Finance: Okta, Inc. (OKTA) Had A “Terrific Conference Call,” Says Jim Cramer
