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Jim Cramer Believes Salesforce Declined “Because AI Eats Software”

Salesforce, Inc. (NYSE:CRM) is one of the stocks in Jim Cramer’s game plan for this week. During the episode, Cramer started his game plan with the stock and commented:

“Monday, we’ll be coming to you from the San Francisco Bureau as part of my annual pilgrimage to Dreamforce, Salesforce’s tech extravaganza. We’ll be sitting down with some of the most important people in tech, among others. It’s going to be amazing. I expect to get some clarity on the 100% tariffs the president will slap on China. The ripple from his comments turned into a torrent as the session went on, and I’m guessing he doesn’t want to see the stock market coming unglued here. The president likes things big and beautiful, not anemic and ugly…

What else? Well, Salesforce holds its annual meeting on Wednesday at Dreamforce, and this Charitable Trust holding has been under pressure. It is down astounding 27% for the year. I think it’s because AI eats software, as they say, a twist on software eating all of tech not that long ago. I’ll tell you how it is for what’s becoming a brutal stock to own when I go out to Dreamforce.”

Photo by Chris Liverani on Unsplash

Salesforce, Inc. (NYSE:CRM) provides customer relationship management and cloud-based tools that help businesses connect with customers. The company’s platforms include Slack, Tableau, and Agentforce.

While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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