Search results for Mad Money
AI & Enterprise
Salesforce CEO says \'SaaSpocalypse\' is nonsense, AI will not erode SaaS
Salesforce has pushed back against market fears of a \"SaaSpocalypse.\" CEO Marc Benioff said the view that AI will erode the software-as-a-service business lacks basis and that advanced models rely on CRM rather than replace it. Salesforce shares jumped more than 12 percent on strong quarterly results and guidance above expectations. Benioff said 9 of the top 10 AI companies use Salesforce and Slack, with their platform spending up 435 percent year on year.
Crypto
Jim Cramer plans to sell Bitcoin over quantum computing fears
Former hedge fund manager and CNBC \"Mad Money\" host Jim Cramer said he plans to sell all the Bitcoin he holds, citing the threat posed by quantum computing. Bitcoin rose about 1.7 percent to above $63,500 as of Aug. 5, but was down 27 percent for the year. Some investors treated Cramer\'s comments as a buy signal, while views differ on when quantum computing could pose a real threat.
AI & Enterprise
Jim Cramer says do not lump Magnificent 7 together; one AI monetisation win could spark rally
CNBC’s “Mad Money” host Jim Cramer maintained a bullish view on mega-cap technology stocks despite weak recent returns, saying investors should not judge the so-called Magnificent 7 as a single group. He said their business structures and AI strategies differ and that a rally could follow if any one company signals AI products are lifting forecasts. He cited Meta’s AI chip plans and Alphabet’s other assets such as YouTube and Waymo.
