Jim Cramer Looked at 17 Stocks, Including Microsoft, CrowdStrike, and Salesforce

15. Salesforce, Inc. (NYSE:CRM)

Salesforce, Inc. (NYSE:CRM) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer highlighted the company’s stock repurchase plan, as he said:

Salesforce is fighting back, too, with a $50 billion buyback and half of that being done on an accelerated repurchase basis. This buyback should not be ignored; it represents one-third of the company’s stock at these levels. Stock finished up $7.86 today, or 4.7%, but it’s still down 34% for the year. Both ServiceNow and Salesforce have some businesses that should be disruptable and others that aren’t. If you have any division, though, that is disruptable right now, Wall Street is merciless to your stock.

Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations. Cramer addressed the AI worries around the stock during the April 8 episode, as he stated:

Then we have the killer, the one that matches up with the biggest losers in the Nasdaq, Salesforce, down almost 4%. Jeez, you’d think that this enterprise software stock could catch a break. I think it has the best agentic software that allows ersatz people to come alive, answer questions flawlessly. Also has a modern way to communicate with Slack. But Salesforce has a bunch of silos that have software as a service models and anything in that space is considered guilty until proven innocent, thanks to the rise of AI, even if it makes no sense at all.

I want you to think of it like this: If companies are paying by the worker for software-as-a-service, and AI allows them to have fewer workers, then you have to say to yourself, how can Salesforce make as much money as it used to? I get that. Plus, who knows if Anthropic can help you code a Salesforce knockoff with lightning speed? I get that. I just don’t know how existential it really is.