“I Can't Believe You Can Buy These Mega Cap Stocks at This Price”
AI demand supports Salesforce's bull case (Agent Force +240%), but valuation requires adjusting for one-time profit gains and low ROIC.
Now, let's raise the stakes a bit. Salesforce, ticker symbol CRM. Guys, this one got a lot more interesting overnight. For months, Wall Street was convinced that AI was going to destroy Salesforce.
The logic was simple. If AI agents can do the work, why would companies keep paying for all those expensive software seats? On that fear alone, the stock fell about 24% from its high.
Then on August 26th, it reported earnings and the stock skyrocketed.