THE SALESFORCE AI BUBBLE | Wallstreet Trapper (Trappin Tuesday's)

Trappin Tuesday's

Wallstreet Looks Like Us Now Network

Business, Wallstreet Trapper, Investing, Entrepreneurship

4.9 • 2K Ratings

🗓️ 28 September 2024

⏱️ 10 minutes

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0:00.0	Salesforce is in AI trouble. Now remember this company was up around July.
0:06.4	It was doing really good, but it has taken a beating lately and here's why
0:11.6	as generative AI gets better and better and you
0:16.2	companies like open AI and these other companies as they get better they start
0:22.0	putting pressure on these cloud businesses like
0:25.6	Salesforce. You know what Salesforce does is Salesforce does all the back end
0:29.8	work for companies, the CRMs, right?
0:33.4	Well, so you think about companies like Snowflake
0:37.2	and Work Day, and they all do similar things.
0:42.0	They back end of the business.
0:43.3	Well, generative AI is really like cutting them out of business.
0:49.6	Because companies are saying like,
0:50.9	yo, why do I need to do that when I can just get the open AI
0:53.3	and I don't got to deal with you no more and so they did a projection sales
0:59.8	force was averaging
1:03.4	last year
1:05.1	20 to 30 percent revenue group.
1:08.6	Well they got them projected for 25 going down,
1:11.8	going down to like 18 13 which is not good right and so here's
1:17.8	the thing man like every company has to adapt every company has to adapt. Every company has to adapt. And so just collaborate with
1:25.7	NVIDIA ain't gonna make you... You know what I'm saying? Just collaborate with
1:31.4	NVIDIA ain't gonna... got to go in now so the day they had the thing called Dream Day,
	...

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