These 2 Stocks will beast next‼️

Well, you got to be flipping my flapjacks. Uh, first off, hey, my voice, it's not quite right. Okay, my voice was messed up yesterday. It's messed up today. Uh, I hope it will get better over the weekend, so you might have to turn this video up a little louder than you usually listen to it. I apologize. I hope you appreciate me still covering things for you guys. Okay, you got me flipping my flapjacks. Look at this move here today. Salesforce stock up almost 23%. What an insane move. up nearly $50,000 in the public count here today. And in the bunch of the SAS stocks moved huge. If you own Palunteer, it moved big. If you own Service Now, it moved huge, double- digit percentage as well. Uh we're going to talk about a bunch of different stocks in this video here today, including some of the next opportunities, where I think money is going to move next. Um what type of stocks am I looking at here, uh that I think are ready for some absolute ripper rally. So, we'll speak about that in this video here today. Then, I want to react to a bunch of different clips here since this is the reaction channel. is Jeremy with A makes money. First up, Dan Niles AI is 100% in a bubble, but don't expect it to pop yet. I'm looking really forward to sharing my opinions and perspectives on that one. Then we're going to react to this little two-minute clip here. This is um kind of the marketing hype video for the new Salesforce and in Claude product. And so I want to show you guys this because a lot of people like heard about this like, okay, why did Salesforce stock go up 23%. That seems insane, right? Uh you got to understand this is very fundamental changing thing here in relation to Salesforce. Okay. Uh additionally I want to react to this one. This was anthropic CEO who uh looks like a situation and Mark Beni off who understands sales very well speaking about this relationship and where things are going from here. And then we're going to hear Beni off talk about the quarter. So we're going to definitely focus a lot on Salesforce SAS stocks in this video. But we're also going to talk about some other stocks in this video here today. So appreciate you guys. Hope you enjoy this one. I just need one thing from you before we get rolling. Just smash the like button. That's all I need from you, okay? Make sure you're subscribed to the channel. I hope you appreciate me trying to keep you guys up to date with everything going on out there. Hope you guys are making a lot of money. Hope you're at all-time highs or at least close to all-time highs in your portfolio. Okay, already. Listen, this is insane, right? Insane move because I posted this on my X page here at MX is always linked in the description area by by the way down there if you ever want to follow me on X. But I said 14 years ago, you know, I was making $49,000 a year. I said, "Now it's $49,000 in in a day on one stock in one portfolio, and it's not even a top three position, right?" And so, let me explain to you guys a little bit for a moment here about expanding your portfolio, growing your net worth. How do you look at a day like this? Right? And where do you take it from here? Because if you have not had a huge day yet, you know, you're going to have a huge day at some point when you're your portfolio is going to be up a crazy amount and you're like, "What? I just made how much money today?" And you're going to be like, "No freaking way." Like this much. Right? And I'm sure a lot of you guys are watching this video. You've already had these sort of days. Okay? And so I've been fortunate to have a whole lot of these days over the last 18 years, right? And so here's how I look at it. Somebody that's been playing this game for a long time. I don't get complacent. I'm thinking about the next one. And so by thinking about the next one, that keeps you on top of your game. Like I enjoy it. It's It's cool, right? Fun. Cool. 50,000. Bang. But it's not just about like what happened today. It I'm thinking about like where's my next sales force? I'm thinking about where does Salesforce move from here? And I'm I'm not getting complacent in the game. And that's how you keep climbing the ranks. If you have one big day and you know, I remember the first time my portfolio was up over $100 in a day. I was like, "Oh my gosh, this is crazy." Like, this is more than I used to make in a day working at Walgreens. I remember the first time, uh, I was up $1,000 in a day. And that was crazy to me cuz I'm like, I work a whole week of Quick Trip to make $1,000. And now I make $1,000 in a day just cuz my stocks went up. That's crazy, right? Remember my first $10,000 day, my first $100,000 day, right? And uh, it's incredible. But at the same time, you don't get complacent with it and you understand all the work you put in. And you know, it's all it's all about the next one. And that's how you keep climbing the ranks to get bigger and bigger and bigger and bigger in regards to this, right? And so the other thing I'll say is remember that this didn't come by accident, right? And especially if you've been doing this game and playing it right, right? This isn't an accident. You put in the work to get here. You ran your numbers. You ran your projections. You put your money at risk, right? And you know, for me, I have the majority of my wealth invested into individual stocks. Every single day of my life, the majority of my wealth for the last 18 years has been invested into individual stocks. And I put that out there for risk every day, regardless of the market, bare market, crashing market, bull market, kangaroo market. and the amount of work I put in conference calls running numbers again and again and again and saying what if this scenario happens what if this scenario happens looking at income statements balance sheets watching CEO presentations CFO presentations CMO presentations like whatever it takes like putting in that work again and again and again and that's how you get to the great end result of a day like this when you say wow a stock that's not even a big position for me is up you know $50,000 today All right. And so, uh, that's something to to keep in mind here, right? And for the last thing I'll say on this, a lot of you guys are starting to reach levels that you got to understand as your money pile's growing bigger and bigger, it's getting a lot more important. Listen, if you got a few thousand bucks in the market, right, and you lose some money, what does it matter to you? Not that much. What's a few thousand bucks going to do for you? It ain't going to do much. Not in 2026. I hate to break it to you. You know, you're not going to get a health procedure done for a few thousand bucks. You're not going to go on even heck even an elaborate vacation for a few thousand bucks. Like you what's a few thousand bucks going to cover? Maybe a mortgage payment, maybe a rent. That's not doing much, right? But as you climb, the numbers start really adding up. What about when you got a $50,000 portfolio? What about when you got a $100,000 portfolio? What about when you got a $5.2 million portfolio, a $10 million portfolio? Now, every single stock you get right or you get wrong, it's borderline life-changing money, right? Like, you invest $1,000 into a stock and it doubles. Okay, cool. You made $1,000. You invest $1,000 into a stock, you lose it all. I mean, you know, if you got a decent job, you can make it back in like a week, maybe a couple weeks, right? You invest a million dollars into a stock, you lose it all. That's a hard one to come back from. You invest a million dollars into a stock, you make it into two million. That's insane. And so that's what happens when the numbers get bigger and bigger. And so the more the numbers get big, you got to understand, you better know what you're freaking doing. You better know what you're doing. Uh because the mistakes are insanely costly. And when you get it right, it's it's like life-changing amounts of money. And what that means then for you to be able to do in your life there on whether it be retire earlier or you know start your own business if that's something you want to do or go on more vacations or better vacations or you know I don't know spend more time with your kids or whatever you know whatever your goal is like it gets a lot more realistic if you're investing the right way and you're building the right way right and so for a lot of you guys just understand like especially a lot of you guys that are starting to climb you now got tens of thousands of dollars in your portfolio hundreds of thousands or millions, you better freaking know what you're doing. And so all this stuff I teach you in the private group, that will be the pinned comment down there today. And for you guys that want to get up to a much higher level than where you're at, maybe you've been kind of just throwing some money around, right? See me talking about some stocks or whatever and you're just kind of like winging it and like you're like, "Dang it, I don't really know what I do. I don't even really know how to run projections. I don't even really have the software I need." and you're just kind of throwing some money out there and next thing you know you're starting to climb this pile and you're like, "Dude, this is starting to be like a lot of money." Got to know what you're doing. Pin comment down there. Apply to join to the private group. Let's get you up to the highest level possible so you can become a great long-term sustainable investor and not just a one-trick pony that has one good six-month or 18-month period and then you fall off, right? Got to have great years in and year out. Okay, next up here, let's talk about some stocks, some opportunities I see out there in those sorts of things. Okay, listen. Celsius Celsius still big opportunity. That stock, you know, had a nice downward move here today. Why did I say nice downward move? Because I think all Celsius downward moves right now should be welcomed. Uh, you know, for anybody that wants to be a long-term shareholder Celsius, you want the stock to be in the the 20s and 30s. You don't want it to move to the 40s or 50s yet because once it moves to 40 or 50, it's probably not coming back. And then we're probably going 60s, 70s, 80s, 90s, 100 plus long term, right? And so like the longer it can stay in the 20s or the low30s, the better in my opinion for people that actually want to be long-term investors in that stock. Um my eyes are still on RH, keeping an eye on that one. Haven't started a position yet, but you know, keeping an eye. I might eventually, right? Netflix, still a great opportunity that has moved up significantly from the lows it reached uh about a month or two ago. But that one's still got a lot of long-term upside there. It's one of the most attractive riskreward profiles in big tech, probably the most. So, that one's still a great opportunity there. Bath & Body Works is one I'm keeping an eye on there. Lulu, I mean, Lulu doesn't I don't know. I'm keeping on my stocks to buy list just as like a watch, but I don't know if I even want to buy Lulu, right? Whirlpool, keeping an eye on that one there. ELF, you the thing you got to understand about ELF, if you're a long-term investor, it's still a buy, and that's a hard one. Those stocks are sometimes so hard to buy, right? a stock that is d over doubled from where it was two months ago at this time or no about two and a half months ago at this time right that's hard because you're like dude this stock just freaking over doubled in two and a half months and now I'm going to go buy it this is where projections come in you got to look at your projections and say okay here's where I see ELF's revenue and net income going over the next several years here's a realistic P ratio for the company and look at your compound annual growth right we have the whole calculator through 1000x and then do say, "Okay, ELF's a great deal. I got to buy it. I even though it's doubled, I guess it's still a buy at 106." Or you say, "You know what? Uh, no, it's not a buy cuz the compound annual growth rates are are not strong enough." Right? And we have all that right in our projections. We have the intermediate projections. You plug in your values. Look up whatever stock you want. Plug in your values and it's going to spit you out what your compound annual growth would be in that stock. And then we also have the advanced projections. This is stuff you guys need access to, you know, like this is just this going to give you confidence when you go and invest in a stock that you're not just like gambling money around and those sorts of things, right? Okay. And then, you know, in in terms of the stocks that I'm thinking like can continue to run like SAS, that was a huge move here today. We can't deny that. That was massive. I mean, these moves were incredible from these stocks here today. But there's still long-term big upside in those particular stocks and there's probably still some upside in those stocks in the short term as well. The the the momentum is just really starting and people are just really starting to understand that like these SAS companies have a lot of money to make over the next 5 or 10 years from this AI wave. You know, everybody's so caught up into the the the first wave everybody's been so caught up into the semiconductor companies, right? you know, Nvidia, AMD, the memory stocks, uh, Avago, Broadcom, you know, those sorts of companies, right? Maybe even, uh, TSM, you know, the one that actually manufactures all the chips. Maybe even all the the company slip in my mind right now that makes all the biggest equipment. It's not Applied Materials, right? Uh, it's not AAT, it's another company, right? I can't think of the name of that company right now. Is it AAT? I think I'm thinking of somebody else, but they make all the actual equipment to make all these advanced semiconductors and they have like a crazy like 10-year backlog. And so that's where a lot of the attention and money has gone from here, right? And the money just barely started to flow into SAS really the last 2 or 3 months. And so you look at stocks like Salesforce and Service Now, I mean, they're up 50 60 70% like that. like that because now people are going to understand the application layer and the use cases of all this AI a lot of that money is going to funnel through to these SAS related companies right and so I think they continue to run I think stocks like the Celsius and ELF continue to be in a great position I think they'll go through a short-term kind of like digestion period where people are like woo okay they moved up quite a bit from the lows they were you know just a couple months ago but you know um so it would kind of be that kind of awkward time period and other people will step in and be like, "Hey, this is still a great buy," right? E remains a stock that looks very attractive, right? Um, and then you look at a stock like Nike, like, uh, Nike is just kind of like stuck in the mud right now. And the reason being is Dick Sporting Goods, they came out with their numbers and people were not excited about their numbers and the Foot Locker numbers. And so that just, you know, DKS had like the worst day, you know, for it stock price in a long, long time. I think the stock price was down like 30%. Right? And so that caused all stocks that really are in relation to that crash including Nike and Lululemon and others, right? Not crash, but it caused them to go down more, right? Um Dick Sporting Goods was the one that, you know, DKS that was the one that really got hammered, but um you know, all that is what it is in the short term. I think a lot of those companies are positioned great for the long term and especially Nike, right? My conviction on Nike hasn't changed. A lot of people have been wanting me to kind of talk about that stock, but my conviction hasn't changed um in regards to my long-term belief there uh in that one, right? And maybe it doesn't work out and maybe that's one we have to sell for an L, you know, down the road. But I believe it's going to work out and we'll see in the numbers over the next few quarters, right? Like the numbers are always going to be the proof of, hey, this is working or it's not going to work, right? All righty. Let's react to some videos here. Dan Niles AI is 100% in a bubble, but don't expect it to pop. >> Perhaps some of the risk scenarios that could actually hurt this 70% guidance. >> Well, you have to remember, Sherry, it's just guidance. So, I've been doing this for a while and I remember in 2000 when Cisco systems said, "Hey, we can grow 30 to 50% sustainably for the foreseeable future." And then about two years later, they had two years in a row of negative revenue growth. >> So the guidance is very encouraging from the near-term because it obviously implies what they're seeing from their customers is very very bullish. But if you're asking me like, you know, what can go wrong, that's what can go wrong, right? The internet was obviously a very big buildout. If you say it started with Netscape Navigator at the end of '94, that buildout lasted till, you know, early 2000. And then we know NASDAQ went down 78% over 2 and 1/2 years. As you figured out, it's a bubble. And I think this AI buildout, there's no question it's a bubble, right? But because every great um industrial revolution, whether you're talking canals, railroads, fracking, or you know, the internet most recently, when companies know that there's a once- in a generation type of massive investment opportunity where you can make a lot of money, if you're the last company standing, everybody's going to try to get into it. And by definition, you're going to have a bubble. Now, the question is when does the bubble break? And I don't think that happens at least for another year. And so, >> so when you're going through a boom time, it's very important everybody understands this. And what is the right type of stock to play, okay? And I learned this pretty early on in my first few years of investing. So, there was a big fracking boom out in North Dakota. And this was like, you know, was really starting to take off like crazy. This is like 2010, 2011, around there, right? And I looked at this, I'm like, wow, this is like crazy, you when they were, you know, some people were even starting to pick it up in the media and cover it and, you know, you could go out in North Dakota and get a six figure a year job, just like no college education or anything, just like doing something out there, right? And uh what an incredible opportunity. And this was during a time when the economy was still very weak. And so that's why I was kind of making news. It's like, dang, people are just, you know, setting up in North Dakota and renting whatever place they can rent and getting a six-f figureure job. And it was like incredible. And so I looked at this and I said, "Okay, this is a big opportunity." And so the way I played it, you would have thought, "Okay, fracking's taking off like crazy. Okay, buy US oil and gas companies." Nope. That's not what I thought. What I thought was everything has to be transported, right? And we had no big like pipelines that ran from North North Dakota and went all over the place. So the only way you could transport all this crude was you needed rail cars to do it. And there were two separate rail companies that you could invest into. And they made these and they almost had like a dualopoly on this industry of making these rail cars uh that you could transport, you know, petroleum related products around, right? And one was a company named Greenbryer Industries. I'm not even sure if they're still a public company. And the other was a company named Trinity Industries. And uh ticker symbol was TRN. And so I looked at Trinity Industries. They were the big dog in the space. And I'm like, "Oh my gosh, like this is a huge opportunity. this company's going to their backlog's going to go crazy. And so I invested into them and oh did their backlog go crazy and oh did their stock go crazy and oh my gosh did their profits go crazy cuz what they were able to start commanding for those rail cars to transport this product around. Oh my gosh it was insane. And um it was one of the first huge successes I had in the market. And when I say huge success, if I recall, I made profits of like I think like tens of thousands of dollars on trend industries if I recall. And so it was it was big. Like I remember the like for for where I was at with my portfolios at that time it was a big number for me. I was like whoa. Like you know nowadays obviously you know it's like whatever. But back then, I'm telling you, Trading Industries was a game-changing stock for me. And you know, that gave me confidence about like, whoa, we just had a big success. And uh after that came Monster and Cabelas and a bunch of other crazy investments that, you know, did me very well. But that's and so when you're thinking about this cycle we're going through right now uh you know the mo the most where people were thinking the most obvious play was at first was the companies are spending fortunes on all this AI compute right and so they're thinking about open AI they're thinking about anthropic they're thinking about Meta and Amazon and Google and those sorts of companies right and it's like it's not to say those companies aren't a big long-term opportunity but that's not where the big money's at. The big money's been at where? Nvidia, right? The one kind of like playing like a trendy industries where they're not they're they're just making you the thing to get you to the place you're trying to get to, right? And then AMD is where the big money's been. And then like the memory chip companies is where the big money's been, right? And so, uh, yeah, but but if I recall, Trinity Industries ended up going through a big bust cycle as well. And that's the same thing that's going to happen to all these semiconductor companies. They're all going to go through a big bus cycle. uh you know whether that starts next year, the year after, the year after that's that's open for debate, but they will go through a big bust cycle. You know, uh all those stocks will get hammered at some point. Um no different than Trinity Industries eventually got hammered, but man, when when the fun is going on. Yeah. And so I played it the right way. Like if I would have played that over that several year period and try to play, you know, Exon Mobile or Chevron or Chesapeake Energy or whoever were like the oil and gas players, oh man, I can tell you I wouldn't make crap for money. the big money was in Trinity Industries. >> That's kind of if you're looking for the negatives on this, that's the negatives. >> That long-term outlook pretty rare. I mean, for I mean, sure, Nvidia is very plugged in. So, it's really creating demand, locking in demand, funding demand. So, they will probably be the one that has the better picture or the best picture of the demand side. But when it comes to the margin story, the CFO said it described it as extreme when it comes to pricing in memory and some of the uh component costs as well. I just wonder if this is going to really accelerate perhaps Nvidia's efforts to find a solution. I mean there was a report in recent days suggesting that Nvidia is looking to reduce the uh reliance on high bandwidth memory chips for upcoming architectures like Reuben uh ultras. I just wonder how you need to sort of differentiate within the semi-trades right now. Well, I think that's a great question, Sherry, and it's the one that, you know, I spent a lot of time on, which is there are different pieces to this. So, if the leader in the AI industry, which is Nvidia, is trying to cut, which they are, they're trying to cut back on memory usage, then on the margin, the memory companies you have to be a lot more concerned about because there's a lot of bottlenecks. Memory is one of them. The bigger issue in the near term is arguably midterm elections in the US that are coming up because you've got governors of different states. You know, Texas is very notable because it's the second largest data center state um in the US and it's become this political flash point where people are saying, "Hey, these data centers are driving up your electricity costs are adding pollution and all of this." And so a lot of the new data center builds have been sort of put on hold or or slowed down. And so you have lots of different bottlenecks whether it's memory, it's getting the land, getting the power, um obviously the the politics sitting on top of this. And so yes, within this memory is one of the areas, especially with Chinese memory ramping up very quickly in terms of their output where you say, you know what, maybe that's not the better place to be invested. You look at Nvidia and you can say, well, you know what, they're forecasting 70% revenue growth. And by the way, this is for calendar. It's their fiscal year 28 which is very confusing because that's through January right but this is a forecast for revenue growth of 70% for calendar 27 you know it's what a year and change only a week away from now and so that for mid- teens multiple the S&P is trading at 19 times PE for 27 Nvidia's mid- teens growing they believe they can grow at 70%. So it's a pretty good um riskreward along assuming you can balance that with other things and that's how I kind of think about it from a portfolio sense. >> Dan, if the data center buildout and the public push back on the data center buildout is unequivocally going to be an election issue at the midterms, isn't Nvidia therefore being way too aggressive? And isn't there a need for Nvidia to manage expectations? Yeah, I mean, well, you can look at it from two angles. The first one is they said on the call, we're guiding to 70% growth because that's what we're confident we can build to based on the the the materials we're procuring, things like memory. They said demand is closer to double, so 100%, not 70. So, they feel like they're being somewhat conservative based on that. What I would tell you is from you know having lived through multiple cycles when your customers are in shortage situation so Microsoft, Amazon, you know Google etc. and they haven't been able to get all the chips that they've wanted for a very long time. They all double order. They all order way more than they'll ever need because they're hoping maybe they get half of whatever they requested and then they can move forward from that. But again, I just want to make it clear. Do I think this is a bubble? 100%. Do I think we're near popping the bubble? Absolutely not. But do I think in the very very short term, Shri, you end up with a lot of consternation as the election rhetoric heats up? Absolutely. >> Yeah. So, in terms of the bubble popping, I mean, listen, there's a decent there's a decent case to be made. The popping happens in 2027. How if you have So, you're going to get all the companies, the big dogs, to all report their capex, you know, the beginning of next year, right? Probably February. Let's say the numbers are even more insane than everybody said and they're like, "Oh my gosh, Meta is going to have to go massively in debt now to spend all this money on capex because these companies are already going negative free cash flow, right?" And same thing with Microsoft and Google and all these companies. I mean, you know, that would be a big moment of truth for those stocks maybe have some big problems, right? And then stock prices go down and then changes have to be made, right? But you don't get that to happen till the stock price really gets hammered. You know, these CEOs will be very resilient is the word I they'll be very resilient to the spend. It's not until you destroy the stock price and they say, "Okay, we'll chill." You know, not till you get to that moment. And so Zuckerberg got to that moment back in 2022, right? And several other CEOs. And so what you saw is uh all those tech stocks got wrecked in 2022, right? And what you saw is a massive moderation in terms of spend to these companies in 2023. And what you saw is as we went through 2023, free cash flow then started to rocket again. And guess what? Amazon, Meta, Google, Microsoft, all the stocks went flying, right? And you saw them continue to build the cash flow into 2024. And then the spend started getting really big last year in 25 and the capex kind of started peaking out a bit, maybe even started downtrending. And then this year it's just been plummeting for these companies and some are already negative free cash flow and others are flirting with going there. And so it's going to get worse before it gets better. Profit's going to start getting hammered bad uh because of the massive depreciation schedules ahead of these companies over the next couple years. So yeah, you know, it's a potential it doesn't until 28, but I think there's a case to be made it happens next year, right? So yeah, it's gonna be fun. It's gonna be fun. It's always entertaining and it's gonna create incredible opportunities by the way in uh several different big stocks. Okay, let's talk some Salesforce and uh CRM and Service Now and all these other companies that are uh going to benefit huge from this. Rise and shine. It's Monday morning and you've got a pipeline full of deeds, a calendar full of meetings, an inbox full of things that somebody needed yesterday. and one pretty important question. Uh, where do I need to pay attention? Used to be you went looking. The dashboard, the call notes, email, Slack, one tab leads to another, and pretty soon you're working just to figure out what work needs doing. Well, that's changing now with a brand new partnership called Cloud Force. With just a couple simple clicks, you got the number one AI connected right into the number one CRM. Now you can just ask which deal needs my attention and what can I do to move them forward. And because Claude is connected to Salesforce, it doesn't have to guess. It can see the signals across your pipeline, your accounts, your conversations, your activity, and bring the things that matter to the top. Like that deal that hasn't moved in two weeks. Now that's worth knowing. The question is, what do we do about it? So Claude goes to work. It looks at what's happened. What hasn't happened? What's missing? It reaches across Salesforce, Slack, email, and the context surrounding the deal right there inside Claude. Then it puts the pieces together, build the plan, update the pricing, tailor the proposal, draft the note to the customer, turn a question into action without spending the morning hunting for the answer, and you never left the flow of work. Now, that's a pretty different way to sell because this isn't just Claude knowing more. It's Claude knowing your business, your customer, your history, your rules, your context. The intelligence of Claude grounded in the data workflows and trust of Salesforce. Now, you put those two together and you've got something that starts looking a whole lot like your own AI CRO. Salesforce and Enthropic working together. the AI you want, the trust you need. >> Thank you very much, Matthew McConn. So, I thought it was important just to play for you guys so you can kind of see like, you know, from the marketing angle and how they're hyping this out and talking about it and why it would excite corporate customers. >> CEO and co-founder and Mark Beni off, chair and CEO of Salesforce. Jim, take it away. >> Gentlemen, couldn't have uh really a more exciting combination. This is terrific and I want to thank you both for being with us. >> Mark, go right. >> Yeah, we're thrilled to be here. We're thrilled to be here, Jim. Thanks for having us. >> All right. All right. Well, it's great. I've not interviewed before. This is very exciting for me. >> You're at the top. It's great to meet you Jim. >> Thank you. And I look forward to talking to you more maybe at next week in Reinforce. I don't know. I want to start with Mark. Mark, I've been a customer of Salesforce for a long time. All I can tell you is that I always thought I knew how to query Salesforce. Why do I need Anthropic to help me query Salesforce? >> Jim, this is really the best of both worlds. This is the number one AI in the world. Enthropic and the number one CRM Salesforce coming together for the first time in an incredibly powerful way to build a new product called CloudForce. And you're right, Jim. Cloud Force gives you the ability to look at all of your Salesforce data, all of your data systems, all of your applications and what we call our semantic layers, all of our agents as well, and even building incredible new applications on top of this kind of stack. This idea that you can use CloudForce to not only query your systems, but build applications dynamically, it's really a first in the industry, Jim. We've never seen anything like it. It's completely exciting. I think that this is the way all enterprise systems are going to run in the future. All right. So, >> hey, listen. Is my guy in a robe over here? What What is he wearing? What in the world is this? Is this dude wearing a robe? >> Dario, I think that the combination is terrific, but I also know when I go to my Asian Force page, I I I see Open AI there. I I don't know how exclusive this is. I don't know what you get out of it. Tell me how this distinguishes you from other LLM models and why this is so exciting for you. >> Well, look, our our view is that is that Claude is the best model for integrating uh complex amounts of information. We've been we've been using uh uh Salesforce and Claude within Enthropic. We're huge Salesforce customers and you know, as you can imagine, uh the pace of things at Enthropic is is is is is incredible. Uh, and we have to both manage individual accounts and we have to answer all these incredible strategic questions that change every time a new model and a new product comes out and and we've found that this this combination product that we've built together is is the most useful thing in accelerating it. you know, within Entropic for a long time, we've been accelerating the research teams within Claude, but but this is the first time that we've really been able to incredibly accelerate our go to market efforts within Claude and we want that for all the other enterprises and we want to we want to me and Mark want to bring it together to everyone. Well, look, look, we see the numbers. We also see the tape underneath you, Salesforce. Fantastic numbers. But I do want to ask you, and I know I normally should ask Mark this, but I want to get you to Dario. You know, there's this whole SAS apocalypse thing of which we thought that you were going to destroy. Mark, I I know Mark has a big investment in you, but I was waiting for you to put him out of business. What do you think about the SAS apocalypse thesis? >> We're we're not interested in destroying destroying anyone. uh you know we think of this as a very positive sum thing right that's the way that's the way markets work. We're creating new value here and and the question is just you know h it's not about destroying anyone it's about how much of these enormous gains go to various various people and various companies and our philosophy always has been that we want to work with our customers. We want to empower empower uh our customers to share these gains with us. And so we've already worked with Salesforce in a number of ways. We're big users of Salesforce. Salesforce is big users of clawed code, of co-work, of other tools. We've put products like clawed tag in Slack already um which is which is a part of Salesforce. And now this combination is a way to to gain something that's you know it's 1 plus 1 equals three. Something that's bigger than the sum of its parts. and and and I think that's the right way to think about things. >> So, you know, I don't know what to say other than I mean the main thing I'll say is just people tend to way underestimate how strong certain company modes are. That's the biggest thing I would say. And I think with especially Salesforce in general like you know you really watch that stock crash then into last year into the front half of this year right and it was just like man people are really doubting benny off his whole strategy and like how strong of a mode that company has and it's crazy cuz just a couple years before that like everybody viewed the mode as amazing and um sometimes a mode has to be worried about and other times I don't think people realize how strong of a moat a company actually has. And so, uh, you know, and how a company retains their customers over time is, I think, a very important thing to look at. And if you look at Salesforce, they've done a phenomenal job over decades of really retaining their customers and keeping them using their products and getting them to use other products uh, over time. >> Jim, it is always great to be with you and uh, welcome and thank you from San Francisco. >> All right, let's just go right to it. Mark, this was a fantastic second half acceleration guidance moment because that's what people are worried about. Is it going to accelerate? Tell us how come you're able to accelerate the way we uh had hoped. Jim, you know, this apocalypse narrative has been such nonsense. I mean, I've heard you say it yourself many times. And here you can see, Jim, net new AOV growth is the strongest in four years. Skeptics said seats would decline, Jim. And agent forced sales and service and Slack all grew seats year-over-year. Skeptics said customers are going to leave and attrition is near its lowest level ever. And Jim, skeptics said pricing power would erode. And here we are with our A1E and A4X bundles. Bookings more than doubled quarter over quarter. And Jim, contract length terms improved across all segments, new business and renewals. Agentic use of the platform has surged six times. Six times, Jim, because agents are using more Salesforce than ever via our model context protocol calls and apps are not dying. They are growing. Nine out of the 10 top AI companies, most of them are in one block of us here. As you're going to see at Dreamforce, gym, nine out of those top 10 AI companies use Salesforce and Slack. their spend, Jim, 435% year-over-year growth. Frontier models depend on CRM. They don't replace it. You just heard from Daario, the coanthropic, the number one AI in the world. How he's standardized on Salesforce, uses it every day, and now together we've built Cloud Force, so you can build the next generation of enterprise apps. >> Some of the nonsense I heard, let's let's Hey, while we're on a roll here, let's defeat all the nonsense. People said, "Slack's not working that well." THIS WAS BLOWOUT SLACK. >> SL Jim, I I can't describe the success of Slack. It's like nothing I've ever seen in the industry. We saw some tripledigit bookings growth from Slack in the quarter, but you can see the numbers are just awesome. And it's because every new company in AI is built on Slack. Slack also, we got some great replacements. I was just with one of our customers, Nike, great company. I love the products. I use them every day myself. They're standardized on Slack. General Motors is standardized on Slack. Um, we're having just tremendous success with Slack all all over the place. Incredible. >> Now, these new customers are are quite exciting. You go, if we could start with FIFA because World Cup just happened. Cisco, the spy kind because they're the larger >> also standardized on Slack. >> Exactly. And then but I want to mention one that many of our many of our viewers use and I think they're going to be surprised that you and Robin Hood have teamed up which I know from the very beginning it could happen but now it is a reality and I'll tell you about Robin Hood. Well, first of all, you know how I feel that Vlad is, you know, I think very much the Steve Jobs of our time and financial services. I have never met an entrepreneur quite like that before. I've known him for a long time and you may remember he went through an horrible crisis but it transformed him. He became a great executive and yes he's standardized on Salesforce and he uses Slack as well and you know I I have a huge amount of respect for him and the company and everything he's doing. It's so exciting and I'll tell you it's not just Robin Hood in financial services. It's many other companies as well who have all made these deep commitments to Salesforce like JP Morgan, like Bank of America. All the largest financial institutions, Jim, are built on Salesforce. >> Department of the Army on top of uh what? Veterans. These are very big contracts. >> All 15 of US agencies use Salesforce. And you're right, the Army runs it. And we're also rebuilding the IRS as well. I mean there's huge opportunities for efficiency and automation inside the US government and the idea that we can start to take and advance some of those older systems and update them to kind of these AI based systems like Salesforce is a tremendous opportunity for the US government. I could not be more excited. You know the secretary of the army took me aside and he said I have completed my recruiting four months early because of Salesforce. So, not only do they have human numbers four months early, >> folks who >> he hit his numbers four months early. >> It's very hard to do. >> Listen, you guys want some Let me give some bad news, okay? I want some bad news. I gave some bad news. Uh, and this is only bad news for those that maybe don't have the best maybe you're not the most honest with the IRS. Okay, listen. I think over the next several years, the IRS is going to start using a lot of AI to detect uh, you know, if people are paying as much as they should be paying or if there's uh patterns that look irregular and to look into those patterns. And I think it's going to do it way more efficient and fast with way less actual IRS agents than ever before. And so I think make sure your taxes are done right. That's all I say. That's all I'm gonna say, man. Because I think it's going to Yeah. I think everybody kind of looks at, oh, you know, the IRS fired so many agents and be able to do crap over the coming years. Uh, watch. Once they start using all these AI agents, they're going to do more than they've ever done >> because not only does he have human agents, but he also has AI agents. So, he's able to recruit more people than ever before. And now human resource command and the army they expect to drive 55 million agent force conversations every single month. No >> 55 million Jim. I mean that's be all you can be. >> I like that. >> Yeah. You're an army of one yourself, Mark. Now the one thing I when I listen to these contracts, the first thing I think of is it can't just be your silo. It can't just be sales. You must be doing things that the other guys, you must be taking share inside the organization from some of these other companies that maybe really are a little more sass complized. Well, Jim, I'm super excited about, you know, the success of Salesforce's ITSM product. You know, what we're doing in IT systems is very exciting. We have more than 450 companies now on Salesforce's ITSM offering. And we had a huge um uh conversion uh this this month from Service Now uh from McAfee. So I think we're going to have a >> shots. I knew it would happen at some point in time. I knew Ben off would take shots at Service Now and talk about they're taking market share here and doing this and doing that. Yeah, that always happens. But but listen, you know, Bill Mcderman over there at Service Now, they do the same thing on the flip side. So >> a lot more as well uh to talk about. But we're very excited in ITSM and service overall is a huge area. I think you know I've done more than five million autonomous service completions myself using agentforce. Jim if you just look at help.salesforce.com you can see that and for the 5 million that I completed well 2 and a half million that required humans were autoes escalated from the AI agent right into the human call center. Now that's really the way it should happen. That was really a powerful moment for me to seeing you know that this is really working. >> Now speaking of really working, we had a chance to speak with Dary earlier. Uh this is anthropic. A lot of people feel like the reason why they were afraid of being in Salesforce was because of anthropic. I think what they should be afraid of is being in a company that is not Salesforce because this does sound like a very good tie-up. I know it's the first of many. I know that it's not necessarily exclusive, but it's going to be very additive in the future because you might not have those customers otherwise. Jim, you have to remember Salesforce is first and foremost in the data business. We're helping our customers to build data lakes, to integrate their data, federate their data, harmonize their data. You may remember, Jim, we bought Informatica last year. That data foundation is critical not only to Enthropic, but to every single one of our customers. And then we are in the applications business too in sales, in service, in marketing, in commerce, in analytics that you know so well. But those applications are not just applications anymore. They're also semantic foundations for these AI models. These AI models need this level of intelligence, security, the controls for users, what we call user models, sharing models. And then we put the agent model on top of that. And then this new UI, you mentioned it, cloud force. >> It can bring all of that together and release all this trapped value that enterprises have had in their systems. all can get revealed in this next generation AI user interface and that is going to take the investment that all these companies have made. Yes, you made you mentioned FIFA, Deutsche, Telecom, Army, Athena Health, Uber, all the ones that we closed this this quarter or this year. Let me tell you what's going to happen, Jim. By putting Cloud Force on top of these systems, they get another level of value and another level of capability. They can build all kinds of next generation applications that were just never possible before. >> No, this is it's a great combination. Mark, I'm glad that my tribal trust owns Salesforce as it has for I don't know. I mean, when did we start the char trust? I want to thank you for coming on. I want to congratulate you for a great course. >> It's 2009, Jim. I think you had me on the show. I don't think we've done a billion in revenue yet, Jim. >> And now we're doing almost 47 billion in revenue. >> Nice work. It's been quite a >> Thanks for your support, Jim. We're so grateful to you. >> Of course, Mark, and right back at you and we'll see you. I'll see you at Dreamforce. >> Jim, you're you're going to love what's going to happen at Dreamforce. We have incredible things to talk about. New products like >> like Fod Force, Slack Code, and a lot more. See you there. >> I can't wait. Thank you so much. So, uh, the other interesting thing, I'm always when I watch an interview like that, I'm I'm listening to everything I say verbally, but I'm I'm also paying attention to something. And what I'm paying attention to is the CEO's level of confidence, lack of confidence, if they're, you know, especially if I've seen them several times do interviews and things like that. And what I just noticed there from Beni off is, wow, what a change versus, you know, a couple quarters ago. You know, I remember you. It wasn't that long ago, you know, Beni off seemed pretty down. You know, usually he's a jolly guy and he kind of seemed like a little bit down about things and I was just like walked away from that interview and the previous one and he just seemed like the happiest camper in the whole world. He seems like he's about to scale this baby to 100 billion, right? And so, um, I think there's something to be said about that level of of confidence that he was exuding there. And uh it's definitely a like several levels up from where he was just a few quarters ago. So I think that's something that needs to be said and uh I think ultimately he probably thinks they're going to do much better numbers and maybe even they're projecting. That's my guess based upon uh a lot of things in in that. Okay. I appreciate you all for joining me as always. Thank you so much for being here. Once again folks, the pinned comment down there today. Apply to join the private group. Let's get you up to a much higher level than where you're at today. Let's get you out of the gambling mentality in the market into the investing philosophies, understanding how to play this game on a high level. Get you the software that you need to be able to make confident decisions out there and all that good stuff. That will be pinned comment down there. And we'll send you your Steel membership cards to your house once you join us in there. The private group card and we'll send you your ThousandX card to your house as well. And if you join us on a lifetime basis, the black card, we'll send you that baby as well. All righty, guys. Much love and have a great