marc benioff talked about the green shoots of recorecovery.e confirmed that last night and not only marc, but the cfo confirmed that last night. they are talking 180-degree turn with clients. you see the stock down 4% to 5% before the call. they guided for 10% plus subscription revenue growth for the next year. consensus was at 11%. that was weighing on it. after the call, you saw the stock up 1% on some of the comments. >> generally salesforce is a bellwether. is this report a positive trend p when it comes to selling a.i. products and tech spending? >> absolutely. the comments about the improving environment are positive. when you look at the pricing, the premium sales cloud is $330. they just announced einstein skew at $500. that is a 50% uplift. that is positive for the a.i. trend. >> before we let you go, we have to ask about something. snowflake shares down big following the announcement that ceo, the other frank in business, is stepping down. what is your take about that? >> we're neutral on snowflake. you had three problems last night.

it seems like you want to hold the stocks and continue to go on this ride with marc benioff.ne way to look at it, the metric of demand going forward. the estimate or guidance is 10%. what are you looking for beyond just that number when it comes to the call and marc benioff is saying about customers deciding to adopt salesforces, or not to, or maybe pushing back on price? what are your expectations? >> i think the market is all about momentum in terms of tactic and growth. they want to see momentum above and beyond what the street projections are for each particular quarter. that i want to-- they want to s. the companies trailing want to show the growth and momentum that make investors want to continue to buy the stock and continue to be optimistic. their projections and what they expect going forward have got to exceed the street, delight the street for the stock to keep going up. >> george, like a lot of analysts from jeffries, jp jpmorgan, everybody is focused on operating margin. the salesforce, it actually lags below a lot of its peers. how big of a deal is this going to

reading of the conference call tells you companies are hiring salesforce like mad if you heard marc benioffthe show you would have known that the data cloud they have helps enterprise improve sales ceo marc benioff said this is the best it's ever been for the company in one particular cloud that they're offering. it's a virtual explosion of spending on ai marc joins bill mcdermer from service now in talking about how big this ai opportunity is, not in the future, right now actual numbers that's right actual numbers not pie in the sky so a stock that was down 15 points on its outlook actually glielz v climbs out of the hole after the conference call and retreats at the opening today then blasts off during the day and finishes up 3%, taking a lot of stocks with it. ♪ hallelujah ♪ we get a report from the usually tempered analyst who threw a grenade to the bears with a note that said still wildly bullish on satellites. blew the bears to smithereens. he loves the ai thesis next week hp, the old hewlett-packard, will have nvidia's jensen huang on stage talking about the new artificial intelligen

is actually seeing a tech revival surrounding the boom of artificial intelligence sales for ceo marc benioff posted on x today saying entrepreneurs and investors are flocking back to san francisco. and local analysts s em to agree with him. >> what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence. >> and even though there have been thousands of layoffs that tech analysts we're from, says he's not concerned. he expects more hiring in the next 5 years, not just in the tech sector, but he says in every kind of corporation. well, it looks as though driverless taxi company waymo will not be expanding its service into the south bay, at least any time soon. state regulators have quietly suspended the company's expansion request until. >> mid-june. the dmv did approve the expansion proposal. >> but waymo cannot move forward without the okay from the california public utilities commission waymo's data reports its injury crash rate is almost 7 times lower. then with human dr

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years that we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the rna are in training in fields, service and sales in the future. pare

and yet on monday, sales for ceo marc benioff took to social media saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence. what many off said is absolutely true. >> what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence tech analyst and the hair. and he's been covering the industry for 45 years. he says the layoffs we've seen our result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of this year, the bay area's tech future looks bright. we're going to see a completely new level of energy. >> especially focused into not only artificial intelligence that, you know, just introduced a new product called the vision pro. that is showing us potential of the future of computing, where you move from 2 d to virtual 3 d immersive technologies. parents as this boom and bust

thank you so much marc benioff. >> come back and find out where this stock is headed. cramer has the answer. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. ♪ (upbeat music) ♪ ( ♪♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. >>> you might have missed it in the reports last week but last wednesday we got a remarkable report from garman. went up to 137 as of today. its highest level since 2022. i've been following this since the show has been on and i'm a fan. it always feels like the decks are stacked against the

. >> salesforce ceo marc benioff agrees today on social media. he posted san francisco's once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence. >> many off said is absolutely true. what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence. >> as we've seen changes in the tech industry in the past, from pcs to smartphones, social media. now, of course, a i he actually expects more hiring in the next 5 years. and we've seen in the past, but likely just in other sectors, right? they might not even know what those you know, jobs are yet as ai continues to develop. so makes sense, right? yeah. san francisco's that another boom bust. maybe back to the boom again. yeah. that's all know. it's all cyclical lot empty office space in san francisco that, yeah, there's plenty of room. >> definitely a lot of people need to see those probably

. >> thank you, because this is one of those incredible stories where marc benioff comes on red hot, you'll see when we play the clip, and then his c.o.o. comes on and says, it's just okay i'm going to take marc's view as the ceo as more important than the c.o.o.'s the c.o.o. is talking about, maybe we have green shoots marc says it's 180 degrees from when it was not good >> let's listen. >> marc is the most -- he's incredible promotional. >> let's hear benioff's view on the quarter. >> this stock is right to be up. >> we just finished up a year at almost $35 billion in revenue, and now, we see us moving forward as the third largest software company in the world, delivering tremendous amounts of customer success, and jim, it's really about exactly like you said, customers giving them what they need right now and that is the ability to manage this huge amounts of data that they need to deliver high-quality artificial intelligence. >> i have this one cold, man >> i don't know what you're doing. >> i'm getting my -- okay. >> not everybody's a believer. bernstein is not particularly -- >

i was impressed the numbers were expected they were not disappointing, and i think marc benioff could be downplaying how well the back end of the year could be >> they said on the call ai adoption internally should expand margins over time so not only will they be infusing their existing products with ai but they, themselves, have the ability to use ai, and i mentioned this on "closing bell" last night i don't know if you remember or were doing emails, the second half of the year, i said the thing you're going to start hearing now is not just investments in ai but roi from ai, and companies saying we have the benefit of having implemented all of this microsoft stuff we paid for in the first half of the year and, of course, salesforce should be a leader in that story. >> perfect segue, an alert to bring you. one of our committee members has bought salesforce. it's bill baruch why did you start in salesforce? and i assume did you it after the earnings release is that right? >> that is correct i actually initiated today, this morning -- i'm impressed with how the stock has performed. i'm

marc benioff is not making money on times magazine.hat supports for a founder or an investor to buy or build a paper, and at the same time, hire good journalists to serve a community? >> so the business models are improving, and the main thing that they're doing, and we'll see if they nail it, is having more digital subscriptions to go with that. advertisement is never gonna be where it was. but we are also finding is that in addition to improved business models, we are now having philanthropy stepped in to support local news -- >> but wouldn't that be enough? >> i don't think it is enough. it is the second piece. but i think the third piece, which is a little more unusual, is actually government support, taxpayer support. and i know that sounds heretical, but in fact, the government has been subsidizing the news media for about 200 years in the form of cheap postage rates and things like that. and i think we just have to think of local news differently. it's like a civic good, it's like a public liability -- >> yes, yes! but is there

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years, then we've had in the past i actually touches everything. tech analyst him the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the ar in ar in training field service and sales in the future. parents

. >> salesforce ceo marc benioff posted on x saying entrepreneurs and investors are flocking back to san francisco. he goes on to say that silicon valley leaders and investors are getting involved to make the city safer while getting startups back into the city. and we've got a chance to talk with the local tax tech analyst who is seeing the progress. >> what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence. >> and even though there have been thousands of layoffs, but here it is not concerned. he expects more hiring in the next 5 years, not just in tech, but in every type of corporation. and if you're thinking about buying a home in the bay area study has named 2 bay area cities as the worst for aspiring homeowners. according to the home improvement brand, this old house, san jose and san francisco are the worst out of 145 u.s. cities. they looked at crime rates, annual home insurance premiums down payments. other things as well. both cities had a median do

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years, then we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the ar in ar in training field service and sales in the future. parents

salesforce ceo marc benioff posted on x saying, quote, entrepreneurs and investors are flocking back to san francisco. he goes on to say silicon valley leaders and investors are getting involved now to make the city safer while getting startups back up and running. we've got a chance to talk to local tech analyst tim herron, who is also seeing progress. >> what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence. >> yeah. even though there have been thousands of layoffs, but herron is not concerned. expect more hiring in the next 5 years. just and not just in tech, by the way, but in every kind of corporation. the union that represents the cal state faculty has accepted a tentative agreement from the cal state university system. this new deal includes an increase in pay and benefits that agreement comes after 8 months of negotiations and 2 faculty strikes, the csu board of trustees still needs to ratify the deal in order to make it official. >> it's 6.40, and

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years that we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the rna are in training in fields, service and sales in the future. pare

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years that we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment. enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the rna are in training in field service and sales in the future. paren

my opinion is there's confidence here in the so owe, marc benioff. he's getting costs in line.rewarding shareholders, first ever dividend, and also a extending their share buybacks. stuart: buy with at 298? >> you better believe it. last night it was down 10%, and i was so disgusted. what this illustrates is what's happening in the market where algorithms kick up and now it's up. hay see one negative if headline. i mean, they beat. they raised the earnings guidance which is why analysts -- there was just a little bit of softness, if you will, on the revenue guidance because they didn't guide up as much as people wanted, so the algost take it e down 10%. we're not plague against rational people. ing but the next morning rational people come in and buy the stock. stuart: good commentary. that's very interesting. $300 a share right now. anheuser-busch down nearly 2%. lauren: stronger sales, they raised their annual dividend by 9%, but investors wanted a new share buyback, they didn't get it. they have to pay down their debt. u.s. sales down 17.3% finish. stuart: 17%? if. lauren: y

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors areiflocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years that we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the rna are in training in fields, service and sales in the future. pare

salesforce ceo marc benioff posted on acts that, quote, entrepreneurs and investors are flocking backsan francisco and quote, and he goes on to say that silicon valley leaders and investors are getting involved in making the city safer while getting startups back up and running. we actually got a chance to talk to a local tech analyst tim, the heron who actually sees the same thing. >> what we're seeing now is incredible demand for new engineering talent and jobs, especially with engineering and programmers who understand how to work with in artificial intelligence. >> and even though there have been thousands of layoffs, perron is not concerned. he expects more hiring in the next 5 years and not just in tech, but in. basically every kind of corporation. all right. the union that represents the cal state faculty has accepted a tentative agreement from cal state university. this new deal includes an increase in pay and benefits the agreement comes after 8 months of negotiations. and as you can see there to faculty strikes, the csu board of trustees still needs ratify this deal, though,

says, extreme adoption extreme adoption of nvidia those make sense salesforce has amazing a.i marc benioffnot -- he happens to like jensen very much, but much more proprietary in who's powering it at salesforce >> some discussion yesterday marco over at jpm, once again, trots out 1970s stagflation as a risk, especially with tensions in the middle east, the prospect of a china trade war what do you make when you hear continued warnings like that >> thank you thank you. >> for providing the wall of worry? >> it lets our people get in, our people who are hardworking people who are trying to augment their paycheck, and are not concerned about things that might or might not happen and are trying to find good companies along with s&p, and these are the people who let us in jan still hasn't let us in don't talk about jan university of fryberg. he and erasmus, slootman went to erasmus. these schools -- they got some stanfords over there we're not the only guys who got like a stanford. >> jan's been constructive, although they were also -- >> stanford was my back-up school i said no to them. nice w

here is ceo marc benioff on "mad money" last night. >> we have to be able to make sure we don't suffer any delusion which is why we are buying back and also giving back with our dividend. this speaks to the size and scale and quality of the company we built with salesforce. >> as i said, shares at $4. >>> snowflake shares plunging after the ceo announces his retirement effective immediately. he joined the cloud software company in 2019 and took it public the following year. he will remain chairman of the board. the company named former ad chief sridhar ramaswamy as the new ceo. snowflake's fourth quarter sales increased year over year, but operating losses rose to $275 million. the current quarter guidance came in lower than expected. that stock right now is off 22%. >>> you have shares of ww international. the company formerly known as weight watchers. they have been tumbling 23% in extended trading after oprah winfrey said late yesterday she plans to leave the board and she is donating her stake in the company to the national museum of african american history and culture. that compa