# Software stocks are flying on Snowflake's AI boom — grab Salesforce before it catches up

_AI-generated trading idea · LONG · CRM_

> Canonical page: https://commonquant.ai/research/for-you/software-stocks-are-flying-on-snowflake-s-ai-boom-grab-sales--914dec4c-8286-42cf-9e93-7f5dddbe95ec

Snowflake just had its best day ever, jumping 35% on AI excitement and dragging the whole software sector higher. But Salesforce — which also just reported strong AI-driven revenue — hasn't joined the party yet.

## Idea

Snowflake's 35% explosion pulled ServiceNow, Oracle, and Palantir higher, but Salesforce was left behind despite reporting $1.2 billion in annual recurring revenue from its Agentforce AI product and raising full-year guidance. When one stock in a hot sector has equally strong fundamentals but hasn't moved, it typically catches up within a week or two as money rotates to the laggard. The gap between Salesforce and its software peers is unlikely to persist given the AI spending backdrop.

## Key details

- Symbols: CRM
- Timeframes: daily
- Tags: \#earnings, \#ai\_software, \#catch\_up, \#relative\_value

## Community

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## News sources

- [Snowflake surges 35% toward best day ever on AI frenzy, fueling software rally](https://www.cnbc.com/2026/05/28/snowflake-snow-software-stock-rally.html) — CNBC
- [Salesforce raises full-year revenue guidance as 'Agentforce' ARR hits $1.2 billion](https://finance.yahoo.com/markets/stocks/articles/salesforce-raises-full-revenue-guidance-150244428.html) — Yahoo Finance

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