Salesforce Jumps 14% as AI Product Tie-Up and Guidance Raise Reverse Slump

Salesforce stock soared 14% following its fiscal second-quarter 2027 earnings call, driven by a guidance raise and the unveiling of an AI initiative referred to as Claudeforce. The move rippled across the enterprise software group: ServiceNow climbed 5% and Adobe advanced 3% in sympathy. The rally matters because software stocks had been under pressure from fears that generative AI tools would erode demand for traditional SaaS (software-as-a-service) products, sometimes called the "SaaSpocalypse" scenario. Salesforce's results and the accompanying commentary from its earnings call pushed back against that narrative, at least for one quarter. What remains unresolved is whether the guidance raise reflects a durable demand recovery or a one-quarter beat. The Claudeforce initiative's revenue contribution and customer adoption have not yet been detailed beyond the announcement itself.