Salesforce Inc. (NYSE:CRM) rallied 24% this week, marking its strongest weekly gain since August 2020.

The software giant also topped the S&P 500’s top-performing leaderboard for the week.

The rally followed Wednesday’s blockbuster second-quarter print: adjusted EPS of $5.90 crushed the $3.27 consensus, an 80% beat.

• Salesforce stock is gaining positive traction. Why is CRM stock trading higher?

Revenue of $11.35 billion grew 11% year-over-year. Management lifted fiscal-year 2027 adjusted EPS guidance to $16.67-$16.71, well above the $14.16 Street estimate.

Salesforce unveiled “Claudeforce,” a deepened Anthropic partnership making Claude the default AI model across Slack and core Salesforce products.

The company also booked a $2.6 billion mark-to-market gain on its Anthropic stake.

Shares jumped 22.6% Thursday alone, as the print quieted concerns that AI agents would erode Salesforce’s seat-based licensing model.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.