This Software Company Is Betting $25 Billion That Its Stock Is Severely Undervalued Right Now
2026-03-27 10:15:00 ET
The AI-fueled "SaaSpocalypse" has indiscriminately sent software-as-a-service (SaaS) stock prices lower over the last few months. While it's true that new generative artificial intelligence (AI) tools could pose a significant threat to many enterprise software companies, the highest-quality companies with wide moats could find AI more of a friend than a foe. As a result, the current sell-off in their stocks could be a massive buying opportunity.
Salesforce (NYSE: CRM) management certainly thinks so. The board authorized a $50 billion share repurchase program at the start of the year. In early March, the company issued $25 billion in debt to accelerate that repurchase, and it immediately executed on about 80% of that amount. Here's why management is betting big on the stock.
Image source: Getty Images.
NASDAQ: CRM
CRM Trading
1.01% G/L:
$186.36 Last:
4,943,865 Volume:
$184.90 Open:
