Salesforce, Inc. (CRM): Among Ken Fisher's Technology Stock Picks with Huge Upside Potential

We recently published an article titled Billionaire Ken Fisher's 10 Technology Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against the other technology stocks.

Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump’s aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%.

Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024’s rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum.

Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump’s announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy’s impact on tech and broader equity markets.

Our Methodology

For this article, we scanned Fisher Asset Management’s Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points (see more details here).

Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders as of Q4: 162

Fisher Asset Management’s Equity Stake: $4.16 Billion 

Upside Potential as of April 30: 35.33%

Salesforce, Inc. (NYSE:CRM), a global leader in customer relationship management (CRM) software and enterprise cloud solutions, offers a diverse portfolio including Sales Cloud, Service Cloud, Marketing Cloud, and a suite of AI-driven analytics tools. Headquartered in California, the company competes with major players like Microsoft Dynamics and Oracle by leveraging its robust platform ecosystem and innovations in artificial intelligence. Its subscription-based business model ensures predictable and sustainable revenue, fostering long-term relationships with a wide range of enterprise customers across industries.

In 2024, Salesforce, Inc. (NYSE:CRM) demonstrated solid financial performance, reporting a 9% year-over-year revenue increase to $37.9 billion. The company also reached a record high in cash flow, supported by surpassing the $60 billion milestone in Remaining Performance Obligation (RPO). Notably, its newer offerings, namely the Data Cloud and Agentforce, have joined the multibillion-dollar product lines, driving exceptional growth in annual recurring revenue (ARR), with Data Cloud and AI services growing 120% year-over-year. Reflecting this momentum, Salesforce, Inc. (NYSE:CRM) has issued a revenue guidance range of $40.5 billion to $40.9 billion for fiscal 2026, highlighting confidence in continued expansion despite macroeconomic headwinds.

Investor interest has risen significantly, with Insider Monkey’s database revealing that 162 hedge funds held positions in Salesforce, Inc. (NYSE:CRM) by the end of Q4 2024, up from 116 in the previous quarter, collectively valuing their stakes at approximately $15.04 billion. However, recent executive changes, specifically the departure of the chief operating officer and the appointment of a new chief financial officer, introduced a degree of uncertainty in the market. This, coupled with the company's fiscal 2026 revenue forecast falling short of analyst expectations, has stirred some investor concern despite the company’s otherwise positive trajectory and robust fundamentals.

Overall CRM ranks 7th among billionaire Ken Fisher’s technology stock picks with huge upside potential. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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