CRM
Salesforce, Inc.
stock NYSE

I want to gamble that another IBM happens this week, which software name I can buy OTM puts for $1 and sell at 1000?
I was thinking 150p on CRM, any other idea?

Fair pushback. If NOW and CRM are just easy cost cutting targets regardless of hardware spend, you'd expect them bleeding share of wallet in normal years too, not just showing up as a footnote on an IBM day. Their own guidance language next earnings will probably tell you more than IBM's print did. If they specifically flag budget getting redirected to infra, that confirms the capex story. If they just talk about deal cycles lengthening or competitive pressure, that's closer to your read.

The dispersion today is the tell. IBM –24%, NOW –4%, CRM –1.5%. If this were a software demand story the pure-play SaaS names would be carrying more of the damage. What you're seeing in the IBM print looks more like a company-specific confidence problem layered on top of the capex reallocation — clients who already had doubts about IBM's roadmap used the budget shift as cover to pause renewals. Crowding out is real, but it's hitting IBM harder than it's hitting the rest of the stack.

I just sat through an IBM pitch of there AI SaaS offering IBM Orchestrate.
They were trying to sell us like crazy. They had about 15 people on the sales call. Every "demo" was a 30s video of something happening. They essentially are trying to sell "plug and play" agent orchestration. I asked a few questions.
"What is the cost breakdown of the features?"
"Is there performance monitoring between agent coordination? What is the latency that this process adds to agent orchestration?"
"Is there built in governance options, PII redaction, PHI, input sanitization etc".
"Why didn't you use a live demo? Can we see the functionality?"
Every answer was: "We are working on it?" or "Let's touch base later" followed by more run arounds.
The company I work for was still going to try and go with them to some extent (which is insane) but the offering was garbage. It looked like it was straight out of the 70s and had nearly zero functionality and the cost was abhorrent. IBM's model of entrapping enterprise customers and selling consulting services seems to be taking a hit.
Useful software that deliver value are still being adopted from our enterprise including CRM, NOW, MSFT as well as others.

the tape already argues against the crowding out read. if enterprise dollars were structurally rotating out of software, the pure play names would be down with IBM. they're not: IBM –24%, ServiceNow –4%, Salesforce/Accetnure/Cognizant barely -1.5%. that dispersion is the market saying IBM problem not software demand problem.
Krishna's letter says it himself- they faltered and numerous large deals didnot close. slipped deals come back next quarter. crowded out demand doesnot. different stories, different tapes.
FWIW I went through recent Form 4s on IBM/CRM/NOW looking for a tell nothing, just routine RSU vesting and tax withholding, zero open-market trades. today won't show in filings for \~2 days, so the thing to watch: does anyone inside IBM buy this gap. a real open-market buy would say one-time stumble louder than any hot take here

SOFI and CRM look like decent dips to me, everything else here is trash.

I assume the only ppl that purchase ORCL IBM and CRM are boomers. Like no one in their 20-30s buying that trash.
But muh *DEEPBLUE*. Okay grandpa.

how has AI been replacing CRM?

Are $NOW and $CRM the best saas plays?

Market has already priced in catastrophe for some of these tickers based on a narrative that has yet to occur, may never occur, and as of yet finds no support in the actual numbers, e.g., MSFT, ADBE, CRM, etc.

CRM -6% 🥹

Seriously? All SaaS just fucked again? God damn NOW, CRM and MSFT

20% on guidance change. Oof. NOW down 7% and CRM down 5% too. Caught a lucky break on that one. Managed to get out of CRM yesterday.

Blurry must hate money. CRM, ADBE, MSFT taking a dump again. Bought BABA high and sold it all off at the lowest before recovery.

Adobe können wir drüber reden, aber CRM nicht. Da gehört ja viel mehr dazu: Die Persistenz, Prozesse die abgebildet werden müssen, dass ich dann am Ende des Tages vlt die Mail an den Kunden nicht mehr selbst tippe greift ja nicht die Daseinsberechtigung von CRM an.

Geht ja nicht um alle Buden und jeden Anwendungsfall. Aber Paradebeispiel ist für mich Adobe. Die hatten wie viele andere SaaS ein enormes Multiple. Und jetzt stellt man halt fest das dies nicht mehr gerechtfertigt ist. Gleiches Risiko bei $CRM
Leads qualifizieren, Mails schreiben, Report erstellen und Ticker bearbeiten. Wenn ich da anstatt 10 tools nur mehr einen KI Agenten nutze habe ich weniger Lizenzbedarf.

[CRM](https://www.onvista.de/aktien/SALESFORCE-INC-Aktie-US79466L3024) - Salesforce 📃@140,94€(-6,26% 💥)

Bruh the way people flip flop on here is comedy.
You can literally see AI slowly replacing these bogus software companies, that have just skated by on high switching costs & vendor lock-in, without ever having to innovate (looking at you CRM).
Get out of these pure SaaS companies as soon as you can.

[CRM](https://www.onvista.de/aktien/SALESFORCE-INC-Aktie-US79466L3024) - Salesforce 📃@140,98€(-6,24% 💥)

Ein neuer Tag zum Weichware kürzen.
$CRM