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Salesforce Faces Reality Check After AI-Driven Jump to Record [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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The maker of customer relations management software is due to report results after the close, with investors particularly focused on any comments on AI-related trends going forward. Salesforce (CRM) launched its Agentforce generative AI product in October, and has been hiring aggressively to sell the tool, which can complete tasks like customer support without human supervision. It also recently acquired Tenyx, a developer of AI-powered voice agents. “Agentforce has overtaken the CRM narrative by storm with a marketing/product release blitz and positive but early partner feedback,” wrote Citi analyst Tyler Radke. The results could offer “a reality check” after the stock's roughly 30% gain since Salesforce's annual Dreamforce event in September, he said. While AI has been a major driver of Wall Street gains for almost two years, the biggest revenue boost has been at chipmakers like Nvidia Corp. and cloud-computing companies like Microsoft Corp. Investors are betting that software
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