Salesforce, Inc. (NYSE:CRM) is one of the stocks that was on Jim Cramer’s radar recently. Cramer highlighted it as “formerly the king of the enterprise software stocks,” as he stated: The problem is that most stocks in the service economy and the tech economy trade at relatively high multiples, and people simply aren’t willing to pay as much for them with these AI apocalypse fears floating around. The multiples are too high. We see it in Salesforce, reports this week. This company, formerly the king of th ...

We recently published 10 Stocks Jim Cramer Discussed & Continued To Talk About AI & Enterprise Software.  Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer discussed. Retail and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are down by 1.4% over the past year and by 7.4% year-to-date. Ratings firm Moody’s discussed the retailer on February 20th. It revised Amazon.com, Inc. (NASDAQ:AMZN)’s rating to stable from positive and reaffirmed its Senior A1 rating. As is the case with s ...

In this piece, we will look at the stocks that Jim Cramer discussed.In a recent tweet, Jim Cramer continued to discuss the private equity industry with respect to enterprise software firms. The enterprise software sector has taken a major beating in the current AI era. For instance, according to consulting firm Alix Partners, AI “is the industry’s next evolution, and it requires fundamental business model changes.” These changes haven’t skipped Jim Cramer’s radar, as he believes that some losses have to be ...

Live from New Delhi. This is inside with Haslinda Amin, where we will dig into India's fast rising artificial intelligence ambitions and the shockwaves hitting the country's storied I. T.giants. As India hosts one of the world's biggest AI summits. We speak live with Schneider Electric CEO Olivia Bloom, ServiceNow president and CEO Omid Zaveri and Fractal Analytics co-founder and CEO.Trick on the Alarm, uncanny about how this technology is reshaping the world. And we bring you more from our conversations wi ...

The VanEck BDC Income ETF (BIZD) is currently living out the tension of an anthem from the popular rock band Queen. And it is overdue, owing to what I call the process of “pulling returns forward.” That’s where a good concept in an exchange-traded fund (ETF) is the target of a rush of demand for the theme it invests in — to the point where it cannot possibly keep up with expectations. That leaves a lot of proverbial bag-holders. While the ETF provides a massive yield, it is operating in the shadow of the ...

Group 1: Market Overview - Software stocks have experienced significant declines, with Salesforce down 28%, ServiceNow down 30%, and Microsoft down 17% year-to-date [1] - Dan Ives describes the current selloff as the worst he has seen in 25 years, arguing that investors are mistakenly viewing enterprise software as obsolete in the AI era [1] Group 2: Company-Specific Insights - Salesforce is trading at 14.2x forward earnings, despite generating $900 million in AI Annual Recurring Revenue (ARR) that is growing at 120% year-over-year [1] - ServiceNow reported Q3 revenue of $3.41 billion, up 22% year-over-year, but still faced a stock decline due to market fears surrounding AI disruption [1] - Microsoft, despite being a leader in AI integration, has seen a 17% decline this year, attributed to lower-than-expected forward Azure growth projections [1] Group 3: Analyst Perspectives - Ives believes the selloff indicates a disconnect between market pricing and fundamental value, similar to past market crashes where quality companies traded at depressed valuations [1] - Morgan Stanley estimates that generative AI could add approximately $400 billion to the Enterprise Software Total Addressable Market by 2028, while software multiples have compressed by 33% since October 2025 [1] - Goldman Sachs CEO David Solomon suggests that the AI-driven software selloff is overdone, indicating that many companies will adapt successfully [1]

Core Viewpoint - The fear among software investors is driven by the potential commoditization of enterprise software due to advancements in AI, particularly with platforms like OpenAI's Frontier [1] Group 1: Company Performance - ServiceNow reported Q3 revenue of $3.41 billion, reflecting a 22% year-over-year increase, yet its stock price fell significantly [1] - Salesforce's stock has dropped 28% year-to-date to $189.72, while ServiceNow's stock has decreased by 30.1% to $107.08 [5] - Microsoft has also experienced a 17% decline this year, indicating that even leading AI companies are affected by market fears [8] Group 2: Market Sentiment and Valuation - The current market is pricing traditional SaaS models as obsolete, leading to a selloff that even positive earnings cannot counter [7] - Goldman Sachs CEO David Solomon believes the selloff is overdone, suggesting that many companies will adapt successfully to AI [3] - Salesforce is trading at a low valuation of 14.4x forward earnings, despite significant growth in its Data Cloud and AI ARR, which increased by 120% year-over-year [3] Group 3: Future Outlook and AI Integration - Analysts like Dan Ives argue that the selloff represents a disconnect between market pricing and fundamental value, similar to past market crashes [11] - The future success of enterprise software companies hinges on their ability to integrate AI into their platforms rather than being displaced by it [12] - Morgan Stanley estimates that generative AI could add approximately $400 billion to the enterprise software market by 2028, indicating potential growth despite current fears [4]

You get Bill's daily "live" buys and sells in his four portfolios: Emerging Growth, Ultra-Growth, Premier Growth, and Dividend & Growth. Our Ultra-Growth portfolio has tripled the returns of the S&P 500 since its 1/1/2019 inception, while our Premier Growth portfolio has doubled the returns of the market during that same time-period.It’s dominated enterprise software for over 30 years, with the near monopoly that was Microsoft Office. Its partnership with OpenAI has it currently sitting atBill Gunderson is ...

Group 1 - The Ultra-Growth portfolio has tripled the returns of the S&P 500 since its inception on January 1, 2019, while the Premier Growth portfolio has doubled the market returns during the same period [1] - The company has been a dominant player in enterprise software for over 30 years, particularly with its near monopoly on Microsoft Office [1] - The partnership with OpenAI positions the company favorably in the current market landscape [1] Group 2 - Bill Gunderson is the CEO and Chief Market Strategist at Gunderson Capital, with over 24 years of experience in professional money management and research analysis [1] - The investing group Best Stocks Now! Premium offers daily market commentary, live buy and sell signals, and access to a proprietary app created by Bill Gunderson [1]

Financial Data and Key Metrics Changes - Adjusted net investment income for Q4 was $0.52 per share, with an annualized operating return on equity of 12% [6] - Full year 2025 adjusted net investment income per share was $2.18, representing an operating return on equity of 12.7% [8] - Net asset value per share at year-end was $16.98, down from $17.11 in Q3 and $17.09 at year-end 2024 [22] Business Line Data and Key Metrics Changes - In Q4, 97% of investments were in first lien loans, indicating a focus on the top of the capital structure [29] - Total commitments in Q4 were $242 million, with total fundings of $197 million across five new portfolio companies [28] - Weighted average yield on debt and income-producing securities decreased from 11.7% to 11.3% quarter-over-quarter [30] Market Data and Key Metrics Changes - The weighted average loan-to-value (LTV) within the portfolio was approximately 41%, stable year-over-year [16] - LTM revenue growth rate for core portfolio companies was approximately 9%, with EBITDA growth at approximately 12% [17] - The portfolio's exposure to enterprise software was approximately 40% by fair value, with consistent credit statistics [19] Company Strategy and Development Direction - The company emphasizes a thematic investment approach, focusing on durable business models and the impact of AI on the market [10][12] - The formation of a joint venture, Structured Credit Partners, aims to invest in newly issued broadly syndicated loan CLOs, enhancing diversification and investment flexibility [40] - The company is positioned to capitalize on market dislocations and has significant liquidity to support investment activities [21][46] Management's Comments on Operating Environment and Future Outlook - Management believes the market is in the early stages of a gradual rebalancing, with capital reallocating towards managers who can consistently earn their cost of capital [46] - The anticipated returns from the newly established joint venture are expected to support the earnings profile [42] - The company expects to target a return on equity on net investment income for 2026 of 11%-11.5% [42] Other Important Information - The company reported a base quarterly dividend of $0.46 per share and a supplemental dividend of $0.01 per share [23] - Total repayments in Q4 were $235 million, contributing to the highest annual repayment activity since inception [31] - The company maintains a disciplined approach to credit selection, focusing on businesses with robust unit economics [26] Q&A Session Summary Question: How much of the portfolio has turned over since 2022? - The company has about 20%-25% of NAV from pre-2022 vintages, with the majority of the portfolio originated in 2023 and 2024 [49] Question: How do you see the deployment environment evolving with AI? - The company is thematic investors and is rotating capital to businesses that will benefit from AI, focusing on those with strong moats [52][54] Question: Will the joint venture focus on BSL CLOs? - The joint venture will primarily involve broadly syndicated loans, with no management fees at the CLO or joint venture level, enhancing shareholder returns [58] Question: What is the impact of unrealized losses on the portfolio? - Unrealized losses were driven by credit spread reversals and specific portfolio company events, with a minor impact on NAV [72] Question: What is the current state of the investment pipeline? - The company has had good activity in Q4 and is encouraged by the pipeline, particularly if market dislocations continue [71]