Salesforce, Inc. (CRM)'s CEO Is Pushing Back Against The AI Vs Enterprise Software Narrative, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Questioned Official Data. Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer recently discussed.

Salesforce, Inc. (NYSE:CRM)’s shares have lost 28% year-to-date as the firm has struggled to retain investor attention in the age of AI. Like monday.com, investors are hawkishly watching its revenue pipeline and revenue commitments for the rest of the year – a fact which led the stock to dip 5% in May after its fiscal first quarter earnings. Cramer discussed the sentiment surrounding enterprise software stocks and CEO Marc Benioff’s attempts to counter it:

“. . .and I think that people should recognize that these companies are all being viewed as, let’s say carrion, because what’s happened is this that you can develop your own stuff that is better. Now Marc Benioff is doing some pushback on that by the way, he’s saying that if you’re doing process stuff, you’re not going to be able to, maybe creative, that would be Adobe. But not, Salesforce. So Marc’s pushing back Salesforce. . .”

Here are his previous remarks about Salesforce, Inc. (NYSE:CRM):

“Okay, so Salesforce is a little tough right now because right now, the enterprise software companies are all coming down. I have not been recommending the stock hard. I want to see what happens with the quarter. I wish I could be more definite, but sometimes it’s better just to say I don’t have a handle on it.”

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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.