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In focus is Salesforce ($CRM) after a print strong enough to move at least one analyst's price target higher.
Results and guidance both came in firm, running counter to the market's dominant fear: that enterprise SaaS spending was in the early stages of a structural collapse, a scenario the tape had been calling the SaaSpocalypse.
The numbers held, the guidance held, and the bearish setup built around deteriorating software demand lost a leg. A new partnership with Anthropic is the second element.
Salesforce is tying its platform to Anthropic on AI, and optimism around that arrangement stands as a separate leg of the bull case.
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