ServiceNow, Inc. (NYSE:NOW) stock is at a one-year low, but Jim Cramer advises against buying due to struggles in the enterprise software industry. The company offers cloud platforms for digital workflows and AI services. Cramer notes high price-to-earnings ratio and challenges in the AI sector. Other AI stocks may offer better opportunities.

Despite potential, ServiceNow, Inc. (NYSE:NOW) faces challenges due to high price-to-earnings ratio and industry struggles. Other AI stocks may offer better upside potential with less downside risk. Investors seeking undervalued AI stocks can explore alternatives to NOW. Consider opportunities in other sectors impacted by current economic trends.

Read more at Yahoo Finance: Jim Cramer Says “I Am Not Going to Call Bottom in ServiceNow”