Jim Cramer Believes Salesforce Declined "Because AI Eats Software"

Salesforce, Inc. (NYSE:CRM) is one of the stocks in Jim Cramer’s game plan for this week. During the episode, Cramer started his game plan with the stock and commented:

“Monday, we’ll be coming to you from the San Francisco Bureau as part of my annual pilgrimage to Dreamforce, Salesforce’s tech extravaganza. We’ll be sitting down with some of the most important people in tech, among others. It’s going to be amazing. I expect to get some clarity on the 100% tariffs the president will slap on China. The ripple from his comments turned into a torrent as the session went on, and I’m guessing he doesn’t want to see the stock market coming unglued here. The president likes things big and beautiful, not anemic and ugly…

What else? Well, Salesforce holds its annual meeting on Wednesday at Dreamforce, and this Charitable Trust holding has been under pressure. It is down astounding 27% for the year. I think it’s because AI eats software, as they say, a twist on software eating all of tech not that long ago. I’ll tell you how it is for what’s becoming a brutal stock to own when I go out to Dreamforce.”

Salesforce, Inc. (NYSE:CRM) provides customer relationship management and cloud-based tools that help businesses connect with customers. The company’s platforms include Slack, Tableau, and Agentforce.

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