Salesforce’s stock rebounded nearly 20% after a brutal 25% drop, proving AI isn’t killing them—it’s fueling explosive growth. Agentic AI tools are the star, driving $1B in annual recurring revenue and billions of work units delivered. Q1 revenue jumped 13%, with usage soaring over 100% sequentially, pushing upgrades and boosting recurring income. The company forecasts 10-11% growth ahead, backed by a $33B backlog. Valuation has plummeted to a 21x P/E from 40x—making it a compelling buy as the market realizes Salesforce is thriving on AI, not fading into obsolescence.
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