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Cramer Warns Salesforce Faces Threat from AI-Powered 'Bogus Workers'
9 Sep
Summary
- Salesforce shares down over 23% in 2025 as AI disrupts software industry
- Cramer concerned AI will replace "real workers" with "bogus workers"
- Salesforce's latest earnings report disappoints investors on revenue forecasts
In 2025, Salesforce, Inc. (NYSE:CRM) has been struggling in the software stock market, with its shares losing more than 23% year-to-date. Investors are increasingly worried that the rise of AI is diminishing businesses' reliance on SaaS firms like Salesforce.
According to Jim Cramer, a prominent financial analyst, the recent drop in Salesforce's stock price is a reflection of the recognition that "we're gonna have a lot of non real workers" and "these bogus workers are taking real workers' jobs" at a much faster pace than anticipated. Cramer believes that as AI-powered "agentics" become more prevalent, the need for Salesforce's services may diminish.
Salesforce's latest earnings report added to investors' concerns, as the company's revenue forecasts fell short of Wall Street's expectations. While Salesforce handily beat projections for the just-reported quarter, its cash flow came in weaker than anticipated, and some individual guidance lines were softer than expected.
Despite the challenges, Cramer acknowledged Salesforce's potential as an investment. However, he believes that some AI stocks may hold greater promise for delivering higher returns with limited downside risk.
