Jim Cramer on Salesforce: “It’s Making a Very Big Push into the Enterprise”

Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer was focused on recently. Cramer discussed the company CEO’s keynote speech and stated:

“Well, it’s making a very big push into the enterprise using its own AI. But after CEO Marc Benioff’s keynote speech at Dreamforce about his Agentforce initiative, the stock actually got dinged today, falling more than three bucks. Ouch. Wall Street’s skeptical that Agentforce won’t matter to the stock until more business comes from it.

I don’t know if the stock can turn until AI is driving the company’s numbers, but what’s not in doubt? How about the sheer amount of what we call compute? The juice needed to power Agentforce and every other application of… artificial intelligence. In other words, to get a machine to act like a human or smarter than a human, you need to spend a ton of money on the backend with warehouses and warehouses full of servers making it all possible.”

Photo by Adam Nowakowski on Unsplash

Salesforce, Inc. (NYSE:CRM) provides CRM and AI-driven platforms that help businesses manage customer relationships, data, and operations.

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