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This article first appeared on <a href="https://www.gurufocus.com/news/9082075/salesforce-slips-as-dreamforce-puts-its-39-billion-ai-engine-on-trial?utm_source=yahoo_finance&utm_medium=syndication&utm_campaign=headlines&r=caf6fe0e0db70d936033da5461e60141″ rel=”nofollow noopener” target=”_blank”>GuruFocus.
Salesforce (NYSE:CRM), the cloud-based customer-management software provider, <a href="https://www.investors.com/news/technology/saleforce-stock-dreamforce-ai-strategy/” rel=”nofollow noopener” target=”_blank”>opened Dreamforce on Tuesday with AI taking center stage across its product roadmap. Shares traded at $256.65, down approximately 1.1%, as investors looked past the conference buzz toward Wednesday’s longer-term financial targets. The message is clear: Wall Street now wants Salesforce to prove that its AI push can translate into faster, durable growth.
Investor’s Business Daily reported that Salesforce is rolling out AIforce, an interface designed to connect corporate data and workflows with outside AI agents, alongside Koa, a model built with Nvidia’s Nemotron technology and Salesforce CRM data. The company is also leaning further into consumption-based pricing as autonomous agents take on more work. That shift could reshape how customers pay for Salesforce products, tying revenue increasingly to actual AI usage rather than traditional software seats.
Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion last quarter, surging more than 210%. That represents roughly 8.4% of the midpoint of Salesforce’s $46.25 billion annual revenue guidance, meaning AI is moving from experiment to material business line. The GuruFocus snapshot adds another wrinkle: at $256.65, Salesforce trades 24.75% below its GF Value estimate of $341.05. That valuation gap looks tempting, but Dreamforce still needs to convince investors that AI adoption can expand Salesforce’s growth engine rather than simply redistribute spending across its existing software portfolio.
