“I thought stock would go down a lot more,” Jim Kramer said.

Recently released Gim Kramer’s heart gives up on becoming a chair with 10 strains raised.. SAP SE (NYSE: SAP) is one of the stocks Jim Kramer has recently discussed.

SAP SE (NYSE: SAP) is the world’s largest enterprise resource planning software provider. Its stock has grown 19.5% since the start of the year, but fell 5% in July after the company’s latest quarter results disappointed investors in terms of guidance. SAP SE (NYSE: SAP)’s EPS 1.50 euros beat the analyst estimate of 1.43 euros, while Revenue Miss Analyst estimate of 9.03 billion euros was 90.9 billion euros, but the company also did not change its full-year guidance. As a result, investors doubted the prospects for strong growth for SAP SE (NYSE: SAP). Here’s what Cramer said about the company:

“They say that (clients in the tariff exposure industry are becoming more cautious about cloud spending.

Pixa Bay/Public Domain

Cramer previously discussed SAP SE (NYSE: SAP) in the context of the Trump administration’s cost-cutting efforts.

“The right thing (about how Doge is affecting the companies that serve the government) is that it’s the ServiceNow issue, and that’s the ServiceNow issue, and they have most of the government. SAP issue.

While we acknowledge SAP’s potential as an investment, our belief lies in the belief that some AI stocks hold a greater commitment to offering higher returns and limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. Best Short-Term AI Stocks.

Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.