GoKawiilNvidia and Salesforce earnings beat expectations, stocks jump 8% and 22%
Jim Cramer said quarterly results from Nvidia and Salesforce released Wednesday evening dismantled two prevailing bearish narratives on Wall Street, driving Salesforce shares up 22% and Nvidia shares up 8% on Thursday. Salesforce posted its fastest sales growth in four years, low customer attrition, and doubled AI bundle bookings, while its new Claudeforce partnership with Anthropic countered fears that AI would erode software subscriptions. Cramer noted Nvidia's report similarly addressed worries about slowing hyperscaler demand, custom-chip competition, GPU depreciation and delays to its Vera Rubin platform.
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These earnings offer a real-world test of whether AI adoption threatens or reinforces incumbent tech giants, a debate that has shaped valuations across the sector this year. Salesforce's rebound suggests enterprise software firms can integrate AI partnerships rather than be displaced by them, while Nvidia's results signal continued strong demand for AI infrastructure despite competitive and financing concerns.
- Salesforce shares jumped 22% after posting its strongest sales growth in four years.
- Nvidia shares rose 8%, easing fears about slowing AI chip demand and competition.
- Salesforce's Claudeforce partnership with Anthropic countered fears AI would replace traditional software subscriptions.
Jim Cramer's "Get Rich Carefully" (book) — If you follow Cramer's takes on stocks like Nvidia and Salesforce, this book lays out his longer-form thinking on building wealth in the market rather than chasing headlines. It's a handy companion for anyone trying to separate real earnings signals from the bear narratives he calls out on "Mad Money.
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Published there as: “Jim Cramer says Nvidia and Salesforce earnings upended two bear narratives”
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