On CNBC's “Mad Money Lightning Round,” Jim Cramer said about JFrog Ltd (NASDAQ:FROG) that the multiple "is too high," although software development "is a good business." The stock has risen more than 40% year-to-date, against the backdrop of exploding demand for AI coding agents and LLMs (large language models).

Discussing another stock that has rallied year to date, Banco Santander, SA (NYSE:SAN), Cramer recommended against selling the stock despite the "big run".

If the stock comes back to the $10 level, "I'd tell people to buy it," he added.

When asked about Backblaze Inc (NASDAQ:BLZE) and Starfighters Space Inc (NYSE:FJET), Cramer said he did not know these companies.

Price Action:

  • JFrog tanked 4.76% to close at $83.86 on Wednesday.
  • Banco Santander's shares rose over 2% to settle at $12.16.
  • Backblaze's stock declined 10.67% to $7.95 on Wednesday.
  • Shares of Starfighters Space Shares rose 1.04% to $8.74.