Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on CrowdStrike 2/23/26
Feb 23, 2026
Morning members-only meeting preview with candid market banter and sponsor notes. Discussion of a recent sell-off framed as AI-driven disintermediation hitting cybersecurity names. Examination of CrowdStrike’s fundamentals and why it remains in the portfolio despite price pressure. Reaction to Anthropic’s Claude Code Security and analyst takes on AI’s impact. Talk about timing trades and managing risk amid volatility.
AI Snips
Chapters
Transcript
Episode notes
AI Fears Are Pushing Cybersecurity Stocks Down
- Jim Cramer says AI fears are driving sell-offs in companies whose businesses AI could disintermediate.
- He cites CrowdStrike, Palantir, Palo Alto, Salesforce and private owners like Blackstone facing AI-driven multiple compression despite intact fundamentals.
Cramer References George Kurtz LinkedIn Post
- Cramer recounts seeing a LinkedIn post from CrowdStrike CEO George Kurtz and acknowledges they 'come in, we own CrowdStrike.'
- He uses this internal example to explain why the Investing Club held the position despite the sell-off.
Wait For Overshoot Before Rebuying Turbulent Names
- Cramer advises patience rather than immediate buying when a fundamentally sound stock is dropping from AI panic.
- He warns his team can't be nimble enough to sell then repurchase and will wait until the drop is overshot and fundamentals unhurt.