Jim Cramer said the recent software-as-a-service selloff, dubbed the "SaaSpocalypse," may have been partly driven by short bets from Situational Awareness and suggested Salesforce’s worst period could be over. Salesforce CEO Marc Benioff called the concerns "nonsense" after the company reported record fiscal second-quarter results, with revenue up 11% year over year to $11.35 billion, above the $11.32 billion estimate, and adjusted earnings of $5.90 per share versus the $3.27 consensus. Salesforce raised fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion from $45.9 billion-$46.2 billion, while forecasting third-quarter revenue of $11.42 billion-$11.50 billion and adjusted earnings of $3.42-$3.44 per share. Shares rose as much as 20% on Thursday, while Snowflake gained 5.08% to $331.39 as investors treated Salesforce’s results, higher outlook and AI growth as supportive for enterprise software demand. Salesforce also recorded a $2.6 billion gain on its Anthropic stake and expanded the partnership through Claudeforce AI, which allows sales staff to access Salesforce data within Anthropic’s Claude chatbot. Salesforce’s technical readings showed an RSI(14) of 81.67, indicating overbought conditions, while Snowflake remained above its major moving averages despite weaker near-term MACD momentum.