Salesforce, the cloud computing giant, is riding a wave of bullish momentum fueled by its new AI-powered game changer: Agentforce. The company’s stock has soared, attracting the attention of renowned investor Jim Cramer, who has hailed Agentforce as a ‘revolutionary’ technology.
Cramer, host of CNBC’s ‘Mad Money’, took to X (formerly Twitter) to express his admiration for Agentforce, calling it the ‘best use of AI that I have seen.’ He attributed the stock’s significant rise to this groundbreaking AI application, highlighting its potential to automate various business functions.
Agentforce is an AI tool designed to tackle tasks like customer service, marketing, and order management, all within the framework of Salesforce’s Customer 360 platform. This release aligns with Salesforce’s broader strategy of shifting towards AI-powered business automation, and it seems to be paying off.
The company’s stock has been on a remarkable climb, driven by the success of Agentforce. This upward trajectory was further amplified by the announcement of Salesforce hiring over 1,000 new employees to support the sales push for Agentforce. The company cited ‘amazing momentum’ for the AI tool, driven by positive customer feedback since its launch.
Adding fuel to the fire is a Golden Cross signal, a technical indicator suggesting a strong uptrend in the stock. This, combined with the growing adoption of Agentforce, has propelled Salesforce into fresh bullish territory.
Agentforce, launched in October, empowers companies to develop AI agents capable of autonomously performing tasks across various business functions. The product uses advanced reasoning to make decisions and execute actions, such as resolving customer inquiries and optimizing marketing campaigns.
The market’s response to Agentforce has been undeniably positive. Salesforce stock closed at $341.73 on the day, up 6.14%, showcasing investors’ confidence in the AI tool’s potential. While the stock dipped slightly in after-hours trading, the overall trend remains bullish, with Salesforce shares gaining 33.42% year-to-date.
