Salesforce CEO Benioff: AI Fears 'Completely Wrong'

Salesforce CEO Marc Benioff has dismissed Wall Street's concerns that artificial intelligence will render the company obsolete as 'completely wrong.' The remarks come after the company's shares lost over 30% of their value in 2026. Benioff argues that AI is not a threat to Salesforce but rather a significant opportunity. Whether investors will maintain confidence in the company's future despite this decline remains to be seen. Benioff's assertive stance comes amid ongoing debates about AI's impact on the technology sector. Some analysts suggest that generative AI could replace customer relationship management (CRM) software. However, Benioff states that Salesforce will benefit from this transformation by integrating AI into its products, thereby strengthening its market position. The sharp drop in the stock indicates shaken investor confidence in the company's growth potential. The rise of new-generation AI-focused software companies is particularly pressuring traditional players like Salesforce. Benioff's comments aim to dispel this negative sentiment and reassure the market. Experts emphasize that, alongside Benioff's persuasive abilities, the company's financial performance will be decisive in this process. How quickly Salesforce can generate revenue from its AI investments will be critical to the stock's recovery. Investors will closely monitor the company's results in the coming quarters following the CEO's strong defense. This is not investment advice.