Jim Cramer Considers Workday's New CEO "Terrific"

Workday, Inc. (NASDAQ:WDAY) is one of the stocks on Jim Cramer’s radar. Cramer highlighted the AI threat for companies like Workday, as he stated:

Let’s talk about what’s really going on. Something that could change the focus of the entire market. You know that the tech stocks have been very troubled of late. Enough with the Magnificent Seven. We’ve got this big four thing going on, Adobe, Salesforce, ServiceNow, and Workday. These are once popular enterprise software companies that are wildly thought to be carrion, victims of Anthropic and something called vibe coding.

Just consider it as a machine that you can talk to and say, I want you to write code that’s like ServiceNow, except for better and cheaper. I want sales up, but I don’t want to pay Salesforce’s exorbitant fees. I can draw, I don’t need Adobe. Workday, one step from extinction. That’s what’s going on. Now, I get that narrative. These companies could see their earnings growth slow because of artificial intelligence. There are ways to create products that might be good or better than the Big Four. However, it would help to see some real actual weakness in the results beyond what we’ve seen from Workday, which now has a terrific new CEO, the predecessor of the previous CEO, Aneel Bhusri. Last week, Workday reported what was widely perceived as a disappointing quarter, and the stock still rallied.

Workday, Inc. (NASDAQ:WDAY) provides cloud-based applications designed to help organizations manage financial processes, human resources, and business planning.

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