Jim Cramer was on the fence with Salesforce. Now he's ready to act

Salesforce's quarterly results didn't convince the naysayers that AI can be a friend, not a foe, to its business. But they shored up Jim Cramer's confidence in the stock. "It's worth it to stay long Salesforce, and we're going to," Jim said during Wednesday's Morning Meeting . Earlier on CNBC, he said he would buy more shares if not restricted. If Jim has talked about a stock on CNBC, he must wait 72 hours before executing a trade. Shares of Salesforce are up roughly 1% since the enterprise software maker reported a strong quarter on Wednesday. Revenue rose 13.3% year over year to $11.13 billion, beating the Street's $11.05 billion estimates, according to LSEG. Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents. Salesforce has been trying to counter the prevailing market narrative that AI poses an existential threat to its business. Bears say the company's per-seat business model is in danger as AI efficiency forces headcount reduction, and that AI code-writing tools will lead customers to replace some Salesforce tools with in-house applications. Several analysts, including Wells Fargo, UBS, Bernstein, and D.A. Davidson, either cut price targets on the stock or left them unchanged. But Jim is convinced that CEO Marc Benioff isn't getting the credit he deserves as Salesforce quietly transitions to a consumption-based model. …