We recently published our article Top 10 Stocks Jim Cramer Is Watching Right Now, where we examined the broader themes shaping his latest market commentary amid heightened market volatility and shifting investor sentiment. In this article, we take a closer look at American Express Company (NYSE:AXP) and why it has earned a spot among the companies currently drawing Cramer’s attention in today’s rapidly evolving market environment.

For anyone who has covered markets long enough to remember the dot-com implosion, the global financial crisis, and the cloud computing boom, one thing becomes unmistakably clear: Wall Street has a talent for overreaction. Earlier this week, that reflex was on full display after a research note ominously titled the “2028 Global Intelligence Crisis” painted a dystopian future in which artificial intelligence wipes out vast swaths of white-collar employment. The result was immediate. Software stocks sold off sharply, enterprise technology names buckled under pressure, and the AI stock narrative briefly shifted from unstoppable growth to existential threat.

Yet within days, the market began stabilizing, almost as if investors collectively remembered that technological revolutions rarely unfold in straight lines. Jim Cramer, the longtime host of Mad Money and a fixture in the financial media landscape for decades, weighed in with a perspective shaped by experience rather than panic. While acknowledging that certain enterprise software companies face real competitive pressure from generative AI, machine learning, and automation platforms, Cramer made a critical distinction: disruption does not automatically mean extinction. Some software companies may earn less. Some may compress on valuation. But wholesale eradication? That, in his view, remains far-fetched.

AI Is Not the Villain — It’s the Engine

The narrative that artificial intelligence will dismantle entire industries overnight has become a recurring theme in financial commentary. However, seasoned market observers understand that AI adoption, like every transformative technology before it, tends to redistribute value rather than destroy it entirely. NVIDIA’s recent “picture-perfect quarter,” as Cramer described it, reinforces the argument that AI is not a speculative bubble evaporating in real time but a revenue-generating force reshaping capital expenditure priorities across the globe. Enterprise AI spending continues to expand, cloud infrastructure budgets are adjusting to accommodate AI workloads, and data center investment remains robust.

The broader artificial intelligence market is projected to grow into the hundreds of billions of dollars in annual spending within this decade. AI software stocks, semiconductor companies, robotics automation providers, and enterprise cloud platforms are all competing for slices of that expanding opportunity set. The fear that firms like Anthropic or other large AI developers will eliminate traditional software players entirely overlooks a key reality: most enterprise software companies are actively integrating generative AI tools, AI-powered analytics, and automation capabilities into their existing platforms. In other words, adaptation is already underway.

This dynamic helps explain why price-to-earnings multiples across enterprise software have compressed. Investors are recalibrating growth assumptions, factoring in margin pressure and competitive risk. But multiple compression does not automatically equate to long-term structural decline. Often, it creates selective opportunity for investors who can differentiate between vulnerable business models and adaptable ones.

The Long View From 49,000 Dow Points

Cramer’s remark about having been on the right side of 49,000 Dow points since he first walked onto Wall Street was more than bravado. It underscored a philosophy rooted in decades of observing boom-and-bust cycles. Markets stumble, narratives shift, and research notes ignite temporary chaos. But earnings, cash flow, and innovation ultimately determine direction. The artificial intelligence revolution is not a theoretical exercise confined to academic labs. It is embedded in enterprise software platforms, customer relationship management systems, cybersecurity frameworks, supply chain optimization tools, and even industrial robotics.

Enterprise software stocks are indeed navigating a transition. AI integration demands investment. Business models must evolve. Some companies will thrive, others will lag, and valuation dispersion will likely widen. However, the suggestion that artificial intelligence will leave a wasteland of “white-collar unemployables” and hollow out the sector ignores how technology historically enhances productivity and creates new categories of demand.

For investors tracking AI growth stocks, enterprise software companies, semiconductor leaders, and automation platforms, the current volatility reflects recalibration rather than collapse. Speed bumps, as Cramer noted, are part of the journey. Markets can be fooled periodically, but structural technological adoption tends to reward disciplined capital over time.

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Our Methodology

In this context, examining the specific stocks Cramer discussed becomes less about sensationalism and more about analysis. Our approach to compiling the top 10 stocks Jim Cramer is watching right now was straightforward. We reviewed the February 25 episode of Mad Money, identified the companies mentioned in sequence, and evaluated them within the broader AI and enterprise software landscape. The objective was not merely to track commentary but to contextualize it within current market conditions, including AI-driven revenue growth, valuation compression, earnings resilience, and strategic positioning.

As artificial intelligence continues reshaping enterprise operations, the real question is not whether AI will disrupt software companies, but which firms are positioned to integrate, monetize, and scale within the new paradigm. Investors searching for AI stocks to buy, undervalued software stocks, or companies adapting successfully to machine learning and generative AI trends must look beyond headlines. The panic of one week can become the opportunity of the next.

In markets, as history repeatedly demonstrates, fear often travels faster than fundamentals. But fundamentals, in the long run, tend to win.

Top 10 Stocks Jim Cramer Is Watching Right Now

3. American Express Company (NYSE:AXP)

American Express Company (NYSE:AXP) landed on the 3rd spot in our list of the top 10 stocks Jim Cramer is watching right now. The company has recently faced short-term pressure, with AXP stock pulling back more than 7% to around $311, yet the broader investment case remains firmly intact. Periodic selloffs in high-quality financial stocks often reflect macro sentiment rather than structural deterioration, and in the case of American Express, the underlying fundamentals tied to premium consumers, travel spending, and affluent credit card usage continue to support a durable long-term growth narrative.

Notably, Jim Cramer has reiterated his confidence in the credit card sector, stating that American Express “got killed” but remains a “great company.” He has repeatedly highlighted its strength as the preferred credit card brand for travel and experiential spending, pointing to continued resilience even as broader concerns about the so-called experiential economy surface. While some market participants question discretionary spending trends, American Express continues to demonstrate brand loyalty, premium customer engagement, and strong transaction volumes within its high-income cardholder base.

American Express operates a differentiated closed-loop payments network, combining credit and charge cards, merchant acquiring, payment processing, travel services, and expense management solutions. This integrated model allows AXP to capture both sides of the transaction, generating attractive economics through discount revenue, card fees, and interest income. Unlike pure network operators, American Express maintains direct customer relationships, enabling deeper data analytics, targeted marketing, and premium rewards programs that reinforce customer retention and spending intensity.

From an investment standpoint, AXP stock benefits from exposure to secular digital payments growth, cross-border travel recovery, and continued expansion of small business and corporate expense management tools. The company’s focus on affluent consumers provides relative insulation during economic slowdowns, as its customer base historically exhibits stronger credit performance and higher average spend. Strong brand equity, disciplined underwriting, and consistent capital returns further enhance the bull case for long-term shareholders.

While short-term volatility may weigh on valuation multiples, American Express remains positioned as a blue-chip financial services stock with durable competitive advantages in the global credit card and payments industry. With ongoing strength in travel-related spending, resilient consumer demand, and endorsement from seasoned market voices like Cramer, AXP stock represents a compelling blend of growth, profitability, and brand power within the broader digital payments and financial technology landscape.

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Disclosure: No material interests to disclose. This article was originally published on Global Market Bulletin.