We’re buying 10 shares of CrowdStrike at roughly $395 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 265 shares of CRWD, increasing its weighting in the portfolio to 2.8% from 2.7%. Enterprise software stocks were back under pressure Tuesday as concerns about AI-driven disruption intensified. When the group trades off, the first place to typically check is whether there have been any new announcements from Anthropic. Sure enough, Anthropic said Monday that a user can message a task to Claude from their smartphone, and an AI agent can complete that task on their personal computer. Another announcement adding to the pressure is Databricks entering the security market through its new agentic security information and event management (SIEM) tool called Lakewatch. It helps organizations defend against agent attackers. Databricks is working with Anthropic to deliver agentic security operations, and Claude AI models will power Lakewatch. We’ve repeatedly pointed out that we do not think AI will disintermediate traditional cybersecurity vendors. In fact, we believe AI will be a tailwind to CrowdStrike and other leading vendors, like Palo Alto Networks , because agents and AI applications will need to be secured. In addition to providing security at traditional endpoints, CrowdStrike’s Falcon platform is designed to secure AI at every layer of the AI stack — from GPU foundations, AI factories, cloud, token factories, and AI applications. “Every enterprise deploying AI needs an independent protection layer for visibility, compliance, and enforcement,” CEO George Kurtz said on CrowdStrike’s fiscal 2026 fourth quarter earnings call on March 3. “As AI adoption grows, CrowdStrike becomes even more of a necessity to these organizations.” We recognize that Databricks is entering cybersecurity creates some competitive risk in the SIEM market , and we understand why the market’s first move is to sell CrowdStrike. But we think this pullback in the stock…
