Salesforce Received a New $72 Million Contract From the U.S. Air Force. It’s Exciting, But Not a Game-Changer for CRM Stock.

Salesforce (CRM) just picked up a new $72 million contract from the U.S. Air Force, and on the surface, that sounds like good news for a company trying to prove that its AI push has real traction. But the stock market is still asking a bigger question: Is Salesforce becoming a better business, or is it simply getting cheaper while investors wait for growth to reaccelerate?

That is the tension around a lot of software names right now. Investors still like the AI story, but they have become more selective. They want real revenue, not just a good narrative. Investors want proof that enterprise software vendors can turn new tools into steady recurring sales.