Jim Cramer said the recent SaaS (software-as-a-service) stock 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 rejected the concerns as "nonsense" after the company reported a record second quarter, with bookings surging and attrition remaining low. Second-quarter revenue increased 11% year over year to $11.35 billion, while full-year fiscal 2027 revenue guidance was raised to $46.1 billion to $46.4 billion. Salesforce shares rose as much as 20% on Thursday after the results and outlook. The company recorded a $2.6 billion gain on its Anthropic stake, and its expanded partnership introduced Claudeforce AI, which lets sales staff access Salesforce data within Anthropic’s Claude chatbot. At $260.69, the stock was 44.05% above its 50-day SMA and 30.12% above its 200-day SMA, while its RSI(14) of 81.67 indicated overbought conditions.