Jason Moser

Shares have been having a tough year for sure, but they continue to connect the dots to where big AI investments are actually driving growth.

If they can keep doing that, ultimately, the stock price takes care of itself.

To me, Salesforce's business is one where it is a bit more obvious about how AI tools can help their customers in customer relationship management.

They talked about it on the call.

They said it was the best third quarter ever in the history of the company.

It was the fastest growth that they did in bookings.

But then they also noted, and I thought this was interesting because it reminded me of CrowdStrike's earnings earlier this week.

Net new average order value.

They had the fastest growth in net new average order value.

That, to me, tells us a lot.

Bringing in that new business and assuming the reason why they're bringing in that new business is because they continue to advance with these AI tools and helping their customers in that customer relationship management business.

It was interesting.

There was one example Benioff called out in the call.

with AgentForce, the annual recurring revenue around $540 million for the quarter.

That was up 330% from a year ago.

He pointed to the Williams-Sonoma example of their AI sous chef named Olive.

If you have any questions as to what is Salesforce, go to WilliamsSonoma.com and just check out their AI sous chef, Olive.

It's their chatbot.

It's just fun to play with if you're a kitchen and cooking nerd like me.

We were just on Delta over the holidays.