Do You Believe in the Upward Trajectory of Salesforce (CRM)?

Core Insights - The third quarter of 2025 was a strong period for US equities, driven by optimism regarding the Federal Reserve's dovish stance and a boom in artificial intelligence [1] - Mar Vista U.S. Quality Strategy reported a return of +3.29% net of fees, underperforming the Russell 1000 Index and S&P 500 Index, which returned +8.00% and +8.12% respectively [1] Company Performance - Salesforce, Inc. (NYSE:CRM) experienced a one-month return of -0.88% and a 52-week decline of 16.49%, closing at $240.43 per share with a market capitalization of $228.889 billion on October 8, 2025 [2] - Concerns affecting Salesforce's stock included potential trade tensions impacting GDP growth and IT budgets, fears of AI cannibalizing Service Cloud seats, and slower-than-expected monetization from AI-enabled offerings like AgentForce [3] Hedge Fund Interest - Salesforce, Inc. ranked 16th among the 30 Most Popular Stocks Among Hedge Funds, with 121 hedge fund portfolios holding the stock at the end of Q2 2025, down from 140 in the previous quarter [4] - The company reported revenue of $10.25 billion in Q2 2026, marking a 10% year-over-year increase and 9% in constant currency [4]