Jim Cramer Was Focused on These 6 Stocks Recently

1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 121

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.”

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

While we acknowledge the potential of Salesforce, Inc. (NYSE:CRM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock.

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