CRM
Salesforce, Inc.
stock NYSE

Serios question: what is the general consensus for CRM earnings tomorrow?
Is AI slowly killing SaaS?
Basically puts or calls is what I am asking

CRM before earnings is a buy.

CRM has beaten EPS in 7 of the last 8 quarters. Will this continue tomorrow?

CRM is a nice forward P/E and could be a really good story if earnings go how I think it will. 

Anyone who disagreed with Karp's manifesto would already not be invested in the stock. He has made his values well known for years. And clearly it isn't affecting PLTR's growth with 83% in Q1 and 90-95% growth in Q2.
Money right now is all going into chips and memory. While higher bond rates are compressing multiples on higher valuation stocks like PLTR.
Just have to look at other software names like DUOL, ADBE, CRM... all doing terrible while PLTR been able to trade flat for 4 months.
I would bet more people agreed with Karp's manifesto then disagree.

Technical analysis for CRM since earnings are tmw

CRM can you please moon tonight after earnings so you can get to a better place for me to get you the fuck out of my portfolio? Thanks for your attention to this matter. 

Palantir wasn't exactly an established company and had only been listed for less than a year. Disney was an established company that has done poorly, as well as CRM, and some of the other poor performers had been public for around 10 years.
Overall the explanatory takeaway here is that Reddit was right about the semiconductor sector at the time. When you throw a bunch of spaghetti at the wall you need something to hit big and it has.

This [Reddit ETF post](https://www.reddit.com/r/stocks/comments/ku6skz/reddit_etf/) was made at the beginning of 2021, near the period of peak COVID euphoria. Anyone who was around at the time can testify that this really did represent consensus opinions in this sub at that time, which you can see in the comments of that post. Note that the game store madness did not really begin until a couple weeks later, which is why it did not appear there.
I felt like it was going to play out poorly so I bookmarked it, and now have been doing yearly updates. After all, for something like this, you really need to give it a multiple year timeline at least.
We are now on year 5, which I think is a pretty good benchmark. For years it was laughably bad, and I have sarcastically remarked about how the sharp, financial geniuses of the time performed against SPY and VTI. Last year was a bit of a surprise though, and closed the gap quite a lot due almost entirely to NVDA and PLTR. Let's see how 2026 stacked up
*I used a $100,000 initial investment and just rounded all the prices to the dollar for visual simplicity (all entries use the real, full prices, I have just rounded them for this table). This also backtracks prices from stock splits.*
|**TICKER**|**Jan8, 2021**|May 22, 2026|**% change**|**Initial $**|**Final $**|
|:-|:-|:-|:-|:-|:-|
|TSLA|293|426|\+45%|5000|7,270|
|AMD|95|468|\+392%|5000|24,606|
|PLTR|25|137|\+448%|5000|27,376|
|ICLN|33|22|\-32%|5000|3,395|
|NIO|59|5|\-91%|5000|441|
|SQ|241|668|\-72%|5000|1,412|
|NET|79|216|\+174%|5000|13,682|
|DKNG|52|25|\-52%|5000|2,415|
|NVDA|13|215|\+1,521%|5000|81,073|
|AAPL|132|309|\+134%|5000|11,698|
|ENPH|207|64|\-69%|5000|1,547|
|PLUG|67|4|\-94%|5000|282|
|SE|210|87|\-58%|4000|1,662|
|BABA|263|130|\-51%|4000|1,977|
|CRSP|164|50|\-69%|4000|1,228|
|TSM|119|405|\+240%|4000|13,597|
|AMZN|159|266|\+67%|4000|6,694|
|DIS|179|103|\-42%|4000|2,302|
|ABNB|150|132|\-12%|4000|3,529|
|FSLY|88|16|\-81%|3000|556|
|CRM|222|180|\-19%|3000|2,433|
|ARKG|106|31|\-71%|2000|579|
|JMIA|37|7|\-81%|2000|377|
|JD|92|30|\-67%|2000|655|
|**TOTAL**|\-|\-|\+111%|**$100,000**|**$210,786**|
2 very strong years in a row for Reddit ETF, up 50% in the past 16 months since I last measured it. Let's see how it stacks up against the market.
|**Portfolio**|**Initial**|**4/22**|**1/23**|**1/24**|1/25|5/26|**% change**|
|:-|:-|:-|:-|:-|:-|:-|:-|
|Reddit ETF|100,000|70,125|56,558|83,579|140,882|210,786|**+111%**|
|SPY|100,000|112,996|105,007|126,536|159,516|195,573|**+96%**|
|VTI|100,000|109,552|100,903|120,221|151,287|151,287|**+51%**|
Folks, I never thought I would see it. Reddit consensus, at the period of peak euphoria, has now outperformed the market over a 5 year period. At the behest of u/[gorays21](https://www.reddit.com/user/gorays21/).
I was pretty relentless making fun of this for several years, but my my how the turntables. Come take a bow.
You do owe the portfolio manager a couple thousand bucks though. Assuming you managed to hold onto this in its entirely through multiple years of large underperformance of course.

CRM NOW RGTI :/

NOW or CRM or both 🤔

# Today is Tuesday, the 26th of May
## Upcoming events for Tuesday, May 26th
- Stock splits:
- PRTS @ **1:10**
- TJGC @ **1:3**
- VSA @ **1:10**
- WGRX @ **1:50**
- Expected earnings:
AAME, API, APPS, ATLN, AVXL, AZO, BBAR, BCAB, BOX, BRLS, CCEP, CETY, CRGO, CSW, CURR, CYD, DLNG, DOYU, ESLT, FSCO, FTHM, GAUZ, GITS, GLSI, GOCO, GURE, HMR, ITRN, IVF, JG, MASI, MOD, OOMA, PONY, PSHG, QFIN, QMCO, REBN, RGNT, RTB, SHIP, SKY, SLAI, SMTC, SNT, SQM, STG, SUPV, TALK, TRNS, VNET, VSAT, YSG, ZS
- Ex-div:
ADEA, AGZD, CRAI, DGRS, DGRW, EMCB, HYZD, JCAP, MAXI, MLCI, NKSH, OMAB, PATK, SBGI, SPOK, SWKS, TAXE, THYM, TMNL, TMNS, TMSF, UNIY, USIN, USSH, WMG, WTBN, WTIP, WTMU, WTMY, YBST, YBTY
## Upcoming events for Wednesday, May 27th
- Stock splits:
- CUPR @ **1:8**
- SDOT @ **1:20**
- Expected earnings:
A, AFJK, AMSC, ANF, ANIX, ARXS, BBWI, BLRX, BMA, BMO, BNS, BRZE, BTTC, CAAS, CANG, CLGN, CPRI, CRM, CSHR, DKS, DTSS, DY, EC, FER, GASS, HAFN, HEI, HEI.A, HPQ, ICLR, KC, KEN, LOOP, LPSN, LRHC, MANU, MDWD, MLAB, MNRO, MOB, MOV, MRVL, NCNO, NOAH, NPK, NTNX, ONMD, P, PDD, PHR, RR, SDA, SEGG, SNOW, SNPS, SPMC, TLK, UHAL, UHAL.B
- Ex-div:
BGC, DLO, EA, PSEC, RAND, SOLS, TSCO
## Upcoming events for Thursday, May 28th
- Stock splits:
- EMTY @ **1:2**
- NOBL @ **2:1**
- EFZ @ **1:2**
- SBB @ **1:2**
- COIA @ **1:2**
- SLON @ **1:5**
- UXRP @ **1:5**
- BOIL @ **1:2**
- SCO @ **1:4**
- SZK @ **1:2**
- RXD @ **1:2**
- SIJ @ **1:2**
- SMN @ **1:2**
- BZQ @ **1:2**
- REW @ **1:2**
- SDP @ **1:2**
- Expected earnings:
ADSK, AEO, AIV, ALAR, AMBA, AMBR, ARBE, ASAN, ATHM, ATS, BBW, BBY, BMR, BOSC, BURL, CHA, CM, COST, DELL, DLTR, DOO, DSX, DXLG, ELME, ESTC, FORTY, FUTU, GAP, GLMD, GTLS, HQY, HRL, HUBG, ICG, KSS, LI, MDB, NGL, NTAP, OKTA, PATH, PD, PKE, PLAB, PLUS, PN, REPL, REX, RSVR, RY, S, SOTK, TD, UVV, WB, XNET, XPEV, XYF
- Ex-div:
ACT, CATY, EMBC, EXPE, IGIC, TRMD
## Upcoming events for Friday, May 29th
- Expected earnings:
AACG, BHM, BKE, ELMT, ENLV, FRGT, FUFU, GCO, GDEV, HTT, ITP, KNOP, NRT, NTRB, SBSW
- Ex-div:
AGNC, BPOP, CCAP, COLB, CSX, EBAY, EFSCP, FCNCA, FCNCN, FCNCO, FCNCP, FXNC, HWKN, JAKK, MARPS, MLAB, MLKN, NEWTG, NEWTI, NWL, PFIS, POWI, SIGIP, TMUS
^^^^2026-05-26

Since SAASPocalypse is over, should we YOLO everything into CRM?

Biggest catalysts for ServiceNow right now:
* **Enterprise AI rollout** \- AI agents and “Now Assist” are growing very fast and becoming the core growth story.
* **OpenAI + Anthropic integrations** \-businesses can build AI workflows directly inside ServiceNow.
* **Cybersecurity expansion** \- major acquisitions like Armis could expand revenue and strengthen their moat.
* **CRM growth** \- trying to take market share from Salesforce with AI-powered customer service tools.
* **Huge backlog/RPO growth** \- strong future contracted revenue signals continued enterprise demand.
* **Long-term target** \- management is aiming for $30B+ annual subscription revenue by 2030.

Biggest catalysts for ServiceNow right now:
* **Enterprise AI rollout** \- AI agents and “Now Assist” are growing very fast and becoming the core growth story.
* **OpenAI + Anthropic integrations** \-businesses can build AI workflows directly inside ServiceNow.
* **Cybersecurity expansion** \- major acquisitions like Armis could expand revenue and strengthen their moat.
* **CRM growth** \- trying to take market share from Salesforce with AI-powered customer service tools.
* **Huge backlog/RPO growth** \- strong future contracted revenue signals continued enterprise demand.
* **Long-term target** \- management is aiming for $30B+ annual subscription revenue by 2030.

Been building a position in CRM for two weeks now. 🤞

For Salesforce/agentforce, they don’t have the technical strength nor the experience SN has with workflow automation and ITSM (which bridges better to AI than CRM IMO). I also think the accumulated ITSM data and asset mapping will be more valuable than CRM data, but I could be wrong. I don’t think SF will lose all the customers overnight but I just view the as broadly inferior to SN when it comes to becoming the AI control tower.
For SAP, their strengths are how much critical data they store for enterprises, which makes them a strong system of record, but aren’t position as well to be the action layer. I’m not saying that they won’t have their own automation going on or their on UI that businesses regularly use, however the data they hold seems most valuable if it is fed to LLMs to learn from, rather than to execute directly on. For these reasons, I view them becoming primarily a strong backend data base and ERP system, not the control layer.
Oracle I view similarly to SAP, but even less of a threat because they are more directly a backend system, and have other business like cloud that don’t compete as directly with NOW. Valuable data for sure and maybe Oracle does great, but I don’t see them winning control/governance layer either.
Workday is just to simple compared to SN they are the company I’m most worried about being replaced by AI. They will have to prove themselves more for me to see them as a serious threat.
Besides Microsoft, I think SNs biggest competitor in the next 5-10 years will be Palantir. Their digital twin technologies will be increasingly valuable in my opinion, and an excellent “home to agents”. For the majority of companies, what Palantir offers is overkill and too expensive, but perhaps this could change in the AI era. I think both NOW and PLTR will do great.
Lastly, theres no proof that this will become winner takes all! Totally possible the multiple of these companies do very well

the enterprise stickiness argument is real. switching cost moat for CRM/NOW/WDAY is probably underappreciated by the AI displacement crowd. these aren't tools you rip out in 12 months because of a trend, the implementation depth is too heavy.
the options angle going into CRM earnings is interesting though. front month IV is running elevated relative to SaaS sector historical vol so the premium for being long or short through earnings is priced in both directions. if you think the SaaSpocalypse narrative is overblown the play isn't just buying the stock and hoping for re-rate. it's selling CSPs at a strike you'd actually want to own CRM and collecting that inflated premium while you wait for the narrative to shift.
been watching CRM and NOW earnings IV on thetaedge lately because they tend to move together on narrative shifts and the spread between current IV and historical vol is wider than usual going into this cycle. when that gap is wide it usually means either the move surprises or the premium is overpaying for vol that doesn't materialize. worth watching either way.

CRM over NOW is a questionable decision IMO

CRM, NOW, TEAM etc will double in price in the next 6 months.