CRM trades at 13 or 14 times earnings versus 50 times at its decade low end as investors assumed AI would kill it. Powerful earnings growth and guidance plus an Anthropic deal turn an enemy into a partner and shift the narrative; even if wrong, perception should hold for now. CRM is a must-own and should rerate higher.

so CRM I said that gets rerated it higher. That print is so powerful. It trades like a value stock at this point. It's trading at 13 or 14 times. We're talking about a company that for like a decade traded 50 times earnings on the low end, right?

It was always always really a price to sales ratio. But bottom line leader in SAS that was now trading at 13 14 times because everyone decided it's gone due to AI. Now they start to show powerful earnings growth guide and then their ultimate nemesis who everyone says is one of the reasons they're going to go out of business.

Um, Enthropic signs a deal with them. I'm like, "Oh, that changes the entire narrative. Their enemy is now their friend. There's a product they can lever and the stock at 13 or 14 times trades like a broken value name, which we tend to stay away from, but it's not.

And even if I'm wrong, the perception will be it's not. For the time being, this is a must own and that is and this name's going to get rerated. And that's a classic rerating story.