Squawk on the Street

Cramer's Morning Take: Salesforce 9/18/24

Cramer warns not to judge this tech giant with old metrics. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Broadcast on:: 18 Sep 2024
Audio Format:: other

CNBC Investing Club Disclaimer

What's on the horizon for financial markets? At PJIM, it's a question that over 1,400 investment professionals relentlessly research in pursuit of your long-term goals. Specialised across asset classes, but united in collaboration, our teams provide global and local expertise. Our investments shape tomorrow, today. Pursue your tomorrow with PJIM, a leading global asset manager. My dad works in B2B marketing. He came by my school for career day and said he was a big row as man. Then he told everyone how much he loved calculating his return on ad spend. My friends still laugh at me to this day. Not everyone gets B2B. But with LinkedIn, you'll be able to reach people who do. Get $100 credit on your next ad campaign. Go to linkedin.com/results to claim your credit. That's linkedin.com/results. Terms and conditions apply. Linkedin, the place to be to be. I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMC Investing Club morning meeting. I want to get to Salesforce because you had Benny off on last night talking about the AI agents that they're unveiling in a new partnership with NVIDIA. Yeah, look, let's cut to the chase here. I think that the idea that the stock is down for people who don't know what they're doing because what Mark has done is create this thing called agent. It's based within NVIDIA where you basically can ask the agent anything. The agent can offer agency, can then therefore think and say, "Who should be really handling this call? What will you do?" You give it a real long set of messages. It memorizes it and speaks to you in a way that makes you feel that you're a real person, that you're being acknowledged by a company that otherwise wouldn't acknowledge you. I think that this was a very significant product and I think the chance in Wong felt the same way because he kept talking about it in their one-on-one fireside chat. He kept saying, "Look, there's going to be billions and billions of these." That's what you need because you got that $2 per share query, Jeff, that might come into play. Moving to a query-based model pushes back against the worries that some have had about the seat-based model in decline as AI causes some workforces become more efficient, more productive, have less employees. Some of the use cases I want to briefly talk about within this collaboration within NVIDIA, talking about crisis management. If you have a product recall or service outage, one of these AI agents can handle the high volumes of customer inquiries, real-time weather impact for travel and logistics, real-time customer support resolution as well. These are obviously all ways where maybe you have one person handling a bunch of calls. Instead, you have these agents that can work autonomously, so obviously huge efficient gains there. Start your day with my outlook on the daily market every morning at 10 20 a.m. Visit cmbc.com/morningtake to access all the benefits of being a CNBC investing club member. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmbc.com/investingclubdisclaimer. At EverNorth Health Services, we believe costs shouldn't get in the way of life-changing care and we're doing everything in our power to make it possible. Behavioral health solutions that also keep your projections at their best, it's possible. Pharmacy benefits that benefit your bottom line, it's possible. Complex specialty care that cares about your ROI. It's possible because we're already doing it, all while saving businesses billions. That's Wonder, made possible. Learn more at evernorth.com/wonder. [BLANK_AUDIO]