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Salesforce shares popped 5% on Friday after the company posted better-than-expected third quarter earnings on Wednesday despite falling short of Wall Street's revenue estimates.

The stock, which is up 13% over the past five days, is aiming for its best week since 2023.

The company reported an adjusted earnings per share of $3.25, topping Wall Street's estimates of $2.86 per share. Revenue did increase 8.6% year over year to $10.26 billion but just missed analyst projections of $10.27 billion.

Although the artificial intelligence boom has pushed several tech companies into record surges, cloud software firms have seen a rocky year as investors wonder whether AI will render the industry obsolete.

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