In this podcast, Motley Fool host Dylan Lewis caught up with Salesforce co-founder and CEO Marc Benioff to discuss:
Marc Benioff, CEO, chair and co-founder of Salesforce CEO, told CNBC's Sara Eisen at CNBC's CONVERGE LIVE in Singapore that data centers and artificial intelligence chips are commodities, and prices have never been lower because of huge investments by cloud companies.
Salesforce CEO Marc Benioff told CNBC's Sara Eisen at CONVERGE LIVE in Singapore on Wednesday (12 Mar) the company plans to invest $1 billion in Singapore over the next five years. Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: Click Here TikTok: Click Here Facebook: Click Here Instagram: Click Here Threads: Click Here X: Click Here Telegram: Click Here
Salesforce Inc (NYSE:CRM, ETR:FOO) has unveiled plans to invest $1 billion in Singapore over the next five years to boost the adoption of its AI product Agentforce. The investment, announced on Wednesday, aims to accelerate Singapore's digital transformation.
Salesforce plans to invest $1 billion in Singapore over the next five years as it seeks to fuel the adoption of its AI agent development platform, Agentforce.
US cloud software giant Salesforce said Wednesday it planned to invest $1.0 billion in Singapore over the next five years to boost the use of artificial intelligence agents (AI) in the workforce.
Salesforce pledges to invest $1 billion in Singapore over five years in AI push
A strong position in enterprise software, ongoing AI initiatives and robust long-term growth potential make CRM stock worth holding despite the recent pullback.
Artificial intelligence (AI) appears to be a game-changing technology that is still in its early innings, and the tech sector's pullback in recent weeks has opened up opportunities for investors to scoop up some bargains among the players in that space.
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Salesforce Inc CRM with a price target of $400.
I reiterate my “Strong Buy” rating on Veeva Systems Inc. with a one-year target price of $275 per share due to strong CRM migration and margin improvement. Veeva reported 14.3% revenue growth and 28.7% adjusted operating profit growth, driven by robust CRM adoption and billing growth. Management's guidance for FY26 includes $3.04-$3.055 billion in revenue, with anticipated 12% revenue growth despite high-interest rate challenges.
Investors have been cautious about high-growth technology stocks in 2024, with broader market uncertainty and concerns over President Donald Trump's tariff policies putting pressure on valuations. The Nasdaq Composite has declined 6% so far this year as investors rotate out of last year's best-performing stocks and software companies have not been immune to this downturn.