Lou Whiteman

When you have highly valued stocks, if earnings aren't fantastic, there tends to be an oversized result.

We saw that with their last quarter.

Maybe that means expectations are tempered this quarter, but I almost feel like if it's another quarter of just not fantastic,

the narrative is going to be, it's over, and we could see an oversized reaction.

I hope not.

I own it too.

But I'm both ready for that and still very, very interested in the long-term.

Two things can be true at once.

Sure.

The first-round picks are off the board.

I have questions.

I'm reaching anywhere I look here, but I'm going to go with Salesforce.

I get why it's down.

Tons of competition.

Revenue growth has cooled.

But my base case on AI right now is that these huge model makers are going to have a hard time

justifying the expense, but there are a lot of just small incremental progress that's going to be all over the place.

Almost like the difference between typewriters and Microsoft Word.

We're not really going to do a revolution, but everything's going to get a little easier.

Companies like Salesforce are well-positioned to use AI for those little incremental things.