Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders In Q3 2024: 116

Salesforce, Inc. (NYSE:CRM) is a software-as-a-service (SaaS) firm that provides customer relationship management software and products. In today’s AI-driven stock market, the firm’s shares initially struggled as investors fretted about AI’s ability to replace customer management teams and businesses through tools such as chatbots. However, Salesforce, Inc. (NYSE:CRM) has recovered since then as its Agentforce product has elicited strong approval in the market. Cramer is also appreciative of Agentforce as he commented on a bearish Guggenheim note:

“And interesting[ly], the Salesforce [bearish analyst note] you mentioned, is the, one of the few where there’s not to be acceleration. I think that is dead wrong. I think that analyst has missed the whole move, I think Agentforce is incredible. It’s starting to really make for my work. Agentforce is coming on very strong. [inaudible] post this morning by Marc Benioff, saying it’s really going after healthcare. And the easy one there is Viva. And I think Viva is a really high multiple stock, I think Marc sees a lot of opportunity in that. Agentforce represents an acceleration of sales at Salesforce, and I’m saying that my research is necessarily better than that analyst. I am saying that I’m close enough to recognize it. Agentforce ads are working. And that Agentforce is doing quite well in different verticals that have eluded Salesforce.”