Jim Cramer Becomes Double Minded About Salesforce (CRM)

We recently published Jim Cramer Discussed These 13 Stocks And Talked About Market “Froth” & Dotcom Bubble. Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer recently discussed.

Cramer’s recent comments about customer relationship management software firm Salesforce, Inc. (NYSE:CRM) have wondered whether the firm has managed to become the standout SaaS stock in an era where the SaaS sector has suffered due to AI. This time, he discussed Salesforce, Inc. (NYSE:CRM)’s operating environment in detail:

“You saw the story about Salesforce, and they’re not gonna pay. A ransom. I thought that was very important. I’m going out to go see Dreamforce next week. I think what Marc Benioff’s doing, he’s presenting 12 people who are doing really, really well with this. And that matters. But at the same time, Jensen Huang this morning talked about how he writes his own code using an outfit that I frankly which I have never heard of before. And what it says is, hold it, are they disintermediating what’s being done by Salesforce? I’m speaking to a bank tomorrow, Live Oak, which was at a Federal Reserve meeting, which again is using code that says it’s no longer going to be stuck with Salesforce. So when you have this cursor that Jensen Huang talked about so eloquently this morning on Squawk Box, which he’s using to be able to write his own code, you want to say, okay, what code were they buying? What code were they buying?”

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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.