Jim Cramer Discusses Melting Trade Tensions & These 12 Stocks

8. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders In Q4 2024: 140

Salesforce, Inc. (NYSE:CRM) is a software-as-a-service company that primarily deals with the customer relationship management market. It is one of the biggest firms of its kind and has leveraged AI to its benefit. Salesforce, Inc. (NYSE:CRM)’s shares have lost 20% year-to-date as the firm has struggled primarily due to investor worries about a growth slowdown in the US economy. Cramer regularly discusses the firm in his show. He has been appreciative of Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff and his campaign against Microsoft’s CoPilot AI products. His recent comments concerned the firm’s decision to buy cloud data management firm Informatica for $8 billion:

“Just posted by Marc Benioff, the CEO. Together we’ll supercharge Agentforce but also Data Cloud, Tableu, MuleSoft, and Customer 360. Customer 360 being their initiative to know everything about a customer. And the one thing I would say is that Marc told, he introduced me to Informatica many years ago and told me he loved them. It was an, it was at Dreamforce. And I’ll tell you what’s really interesting. Informatica, I sat down with them I said you guys think you’re so smart? Like what happened in the Wells Fargo scandal, it’s not clear. Boom! They had the whole thing. They knew exactly. . .how they made the money. It was so impressive, it was so impressive that I said, these guys are to watch. And this was I remember, that was when they were private. I remember when they were public. Marc adored them many, many years ago. Now, that said, when you do an acquisition and you’re reporting this week, I think it’s going to make people say what’s the matter with their numbers that they had to do this?

“The cadence of earnings has been slowing down . . .no, [at] Informatica. Now a lot of people know that Salesforce. . . look it’s a single digit guide. I actually liken this to Cisco buying Splunk. I think this is little more of a Splunk like company.

“We don’t want Salesforce, because my charitable trust owns it, to drop anymore either. Not to equate, you know necessarily about life and stocks, but it sure works for me.”