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Yahoo
a day ago
- Business
- Yahoo
Salesforce makes a big bet on booming tech market
Salesforce makes a big bet on booming tech market originally appeared on TheStreet. Salesforce () is still recovering from a difficult start to the year, but the former software leader just gave investors a reason not to count it out yet. The company rose to market prominence as a leader in the software-as-a-service space, helping define customer relations management (CRM) in the modern office. As the industry has shifted toward artificial intelligence (AI), though, Salesforce has struggled to integrate the revolutionary new technology into its software platforms. 💵💰💰💵 Despite its high exposure to the booming market, Salesforce stock has struggled over the past two quarters and is currently down more than 16% for the six-month period. The company recently reported strong earnings for Q1, issuing an optimistic forecast, but even this news failed to boost shares. However, Salesforce recently announced an important agreement it just inked. This deal has important implications for the company's growth plans. Salesforce stock has trended downward over the past few months, and some investors have wondered why. Some experts have speculated that CRM stock may be a victim of both poor timing and high expectations, specifically regarding November 2024, an investor's guide from Fortune described application software, referring to platforms designed for users to perform specific tasks, as a sector that hadn't quite realized the benefits of AI integrations. Vice President Angelo Zino, with market intelligence firm CFRA Research, noted that he saw Salesforce as a likely winner of the Agentic AI boom. He isn't the only one who believed Salesforce had the potential to capitalize on the rise of Agentic AI, which allows AI systems to perform tasks with little human intervention. The company recently announced that it has entered into a tentative agreement to acquire software development company Informatica in an $8 billion all-cash deal. While its name might not be widely known, Informatica is considered a leader in the enterprise cloud data management space and is known for its integrated data solutions. Wedbush Securities technology analyst Daniel Ives describes it as a 'gold mine of data,' highlighting the implications this deal could have. 'Salesforce is acquiring data, [Informatica's] customer base, and the ability to cross-sell. And in the AI revolution, data is king,' he states. Marc Benioff, CEO of Salesforce, believes this acquisition will help redefine the industry, creating a force within the booming market. In a statement released by his company, he revealed that he sees it creating 'the most complete, agent-ready data platform in the industry.' More AI News: Billionaire fund manager, skeptical of AI, backs shocking stock Microsoft has good news for Elon Musk, bad news for Sam Altman Major AI CEO sounds alarm on jobless 'bloodbath' in near-term Experts such as Baird Managing Director Ted Mortonson have speculated that Salesforce likely didn't have the data necessary to deliver on Benioff's agentic AI vision. But now that it will be adding Informatica's vast data resources, it will likely have an easier time expanding into this area, at least as some experts see it. This deal comes at a highly pivotal time for Salesforce, as many other companies are doubling down on agentic AI. Other leaders in the tech space, such as Google Deepmind, OpenAI, Meta Platforms, and Microsoft, are all looking to cash in on the new phase of AI, and some have made notable also notes that simply having extensive data isn't the only key to success. He also stresses the importance of delivering personalized insights to customers in useful and efficient ways. However, the analyst says, 'This acquisition is highly complementary in terms of having a data provider and then having more [than] the company that manages this data.' Salesforce stock may continue to lag in the short term, as the company maneuvers to catch up with its competitors and establish itself as a key player in the field of agentic AI. But experts seem steadfast in their conviction that this acquisition will help the company accomplish this goal. In recent years, Benioff has been criticized for his aggressive M&A strategy, which has led to Salesforce acquiring 70 companies since 2006. Now, however, it may be the thing that helps his company remain competitive in a fast-growing makes a big bet on booming tech market first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
a day ago
- Business
- Yahoo
Wedbush: Apple Inc. (NASDAQ:AAPL) Could Face US Pressure, But India Key to Avoiding $3,500 iPhones
Wedbush analyst Daniel Ives believes Outperform-rated Apple Inc. (NASDAQ:AAPL) has put itself in a very hedged supply chain strategy heading into iPhone 17 production this Fall. Apple is a consumer electronics firm. All of the advisory's work in the supply chain throughout Asia over the past few weeks gives it a high level of confidence that Cupertino's aggressive push towards India production has been a very smart strategic move given the uncertain tariff environment facing Apple in China. Wedbush thinks Apple could ramp iPhone assembly production in India up to 60%-65% by the Fall in a best-case scenario but could easily pivot back to a China driven iPhone strategy depending on the tariff situation and deal negotiations. The advisory fully expects more pressure from the Trump Administration on Apple to build iPhone production in the US, but this would result in an iPhone price point that is a non-starter for the company and translate into iPhone prices of $3,500 if it was made in the US and this would take many years. A wide view of an Apple store, showing the range of products the company offers. While we acknowledge the potential of AAPL, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
a day ago
- Business
- Miami Herald
Salesforce makes a big bet on booming tech market
Salesforce (CRM) is still recovering from a difficult start to the year, but the former software leader just gave investors a reason not to count it out yet. The company rose to market prominence as a leader in the software-as-a-service space, helping define customer relations management (CRM) in the modern office. As the industry has shifted toward artificial intelligence (AI), though, Salesforce has struggled to integrate the revolutionary new technology into its software platforms. Don't miss the move: Subscribe to TheStreet's free daily newsletter Despite its high exposure to the booming market, Salesforce stock has struggled over the past two quarters and is currently down more than 16% for the six-month period. The company recently reported strong earnings for Q1, issuing an optimistic forecast, but even this news failed to boost shares. However, Salesforce recently announced an important agreement it just inked. This deal has important implications for the company's growth plans. Salesforce stock has trended downward over the past few months, and some investors have wondered why. Some experts have speculated that CRM stock may be a victim of both poor timing and high expectations, specifically regarding AI. Related: OpenAI teams up with legendary Apple exec In November 2024, an investor's guide from Fortune described application software, referring to platforms designed for users to perform specific tasks, as a sector that hadn't quite realized the benefits of AI integrations. Vice President Angelo Zino, with market intelligence firm CFRA Research, noted that he saw Salesforce as a likely winner of the Agentic AI boom. He isn't the only one who believed Salesforce had the potential to capitalize on the rise of Agentic AI, which allows AI systems to perform tasks with little human intervention. The company recently announced that it has entered into a tentative agreement to acquire software development company Informatica in an $8 billion all-cash deal. While its name might not be widely known, Informatica is considered a leader in the enterprise cloud data management space and is known for its integrated data solutions. Wedbush Securities technology analyst Daniel Ives describes it as a "gold mine of data," highlighting the implications this deal could have. Marc Benioff, CEO of Salesforce, believes this acquisition will help redefine the industry, creating a force within the booming market. In a statement released by his company, he revealed that he sees it creating "the most complete, agent-ready data platform in the industry." More AI News: Billionaire fund manager, skeptical of AI, backs shocking stockMicrosoft has good news for Elon Musk, bad news for Sam AltmanMajor AI CEO sounds alarm on jobless 'bloodbath' in near-term Experts such as Baird Managing Director Ted Mortonson have speculated that Salesforce likely didn't have the data necessary to deliver on Benioff's agentic AI vision. But now that it will be adding Informatica's vast data resources, it will likely have an easier time expanding into this area, at least as some experts see it. This deal comes at a highly pivotal time for Salesforce, as many other companies are doubling down on agentic AI. Other leaders in the tech space, such as Google Deepmind, OpenAI, Meta Platforms, and Microsoft, are all looking to cash in on the new phase of AI, and some have made notable advances. Related: One AI stock makes up 78% of Nvidia's investment portfolio Zino also notes that simply having extensive data isn't the only key to success. He also stresses the importance of delivering personalized insights to customers in useful and efficient ways. However, the analyst says, "This acquisition is highly complementary in terms of having a data provider and then having more [than] the company that manages this data." Salesforce stock may continue to lag in the short term, as the company maneuvers to catch up with its competitors and establish itself as a key player in the field of agentic AI. But experts seem steadfast in their conviction that this acquisition will help the company accomplish this goal. In recent years, Benioff has been criticized for his aggressive M&A strategy, which has led to Salesforce acquiring 70 companies since 2006. Now, however, it may be the thing that helps his company remain competitive in a fast-growing market. Related: Palantir gets great news from the Pentagon The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
3 days ago
- Business
- Yahoo
Salesforce (CRM) Gets $425 Price Target as Analyst Backs Informatica Deal and AI Push
We recently published a list of . In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI stocks gaining Wall Street's attention. One of the most notable analyst calls on Tuesday, May 27, was for Salesforce, Inc. (NYSE:CRM). Wedbush analyst Daniel Ives reiterated an 'Outperform' rating on the stock with a $425.00 price target. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. Wedbush has commented about the recent deal between Salesforce and Informatica, citing that the proposed acquisition of enterprise cloud software company Informatica is the 'right deal at the right time' for Salesforce. 'Despite CRM not pursuing a big deal of this size since Slack in 2021 for $28 billion, we view this deal as a smart and strategic deal for customer acquisition as INFA's strong customer base of over 5,000 customers, including ~2,500 cloud subscription ARR customers and over 80% of the Fortune 100, leverages this technology for analytics and AI-powered processes which could strengthen CRM's AI strategy.' The analysts further noted that the deal would pave the way for more artificial intelligence opportunities for Salesforce, and even more cross-selling opportunities. Overall, CRM ranks 3rd on our list of AI stocks gaining Wall Street's attention. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Nvidia (NVDA) Braces for China Hit as Q1 Earnings Near
Wall Street has cut earnings estimates for Nvidia (NVDA, Financials) just ahead of its fiscal first-quarter report, as the chipmaker faces pressure from a U.S. export ban on advanced AI chips to China. Analysts now expect adjusted earnings of $0.73 per share on $43.34 billion in revenue for the quarter ended April 27, down from $0.88 per share just a week earlier, according to FactSet. The company previously warned of a potential charge of up to $5.5 billion for H20 chips blocked from being sold in China, a key issue investors will scrutinize in the earnings report. But more attention is on Nvidia's fiscal second-quarter guidance. Mizuho's Jordan Klein said estimates could fall as low as the low $40 billion range, compared to the Street consensus of $45.92 billion, as the sales ban may shave $5 billion to $8 billion from quarterly revenue. Warning! GuruFocus has detected 4 Warning Signs with NVDA. To mitigate losses, Nvidia plans to begin producing a new, China-compliant AI chip in June using GDDR7 memory in place of restricted HBM technology, according to Reuters. Despite these challenges, shares rose 3.3% to $135.59 on Tuesday and are nearing a technical buy point of $137.40. Market watchers remain focused on demand for Nvidia's new Blackwell chips. Wedbush's Daniel Ives called the upcoming results pivotal for global investor sentiment, referring to CEO Jensen Huang as the Godfather of AI. Morgan Stanley's Joseph Moore cautioned that current consensus numbers may be stale, suggesting downside risk if the H20 ban impact hasn't been fully modeled in. Still, Piper Sandler's Harsh Kumar believes the selloff risk is limited, calling this the likely last wave of negative news for Nvidia this year. He remains optimistic on second-half growth, driven by increased spending from cloud providers and government AI projects. Investors will be watching Wednesday's report closely for updates on China exposure, new product ramp timelines, and second-quarter sales guidance. See insider activity on Nvidia: This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
