Rubrik, Inc. (NYSE:RBRK) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. A caller asked for Cramer’s advice regarding their position in the stock, and mentioned that they have taken their cost basis out and are “playing with house’s money.” Cramer suggested:

Yeah, you want to hold. I mean, you want to hold… I’ll tell you what’s weird. Bipul delivered a really good quarter. There’s no doubt about it. I mean, it was a good quarter, but in this new market, that’s not enough. If a company’s not valued down 20% from where it actually started, this is down 40% now, we’re going to start thinking, you know what, it’s not down enough. And if its price to earnings multiple is higher than say 20, we’re going to say we don’t, we’re not interested. It’s become a very difficult bearish market, about to become a bear market.

Photo by Adam Nowakowski on Unsplash

Rubrik, Inc. (NYSE:RBRK) provides data security and protection solutions across cloud, enterprise, and SaaS environments. The company’s platform delivers threat analytics, cyber recovery, and data security posture management.

While we acknowledge the potential of RBRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.