In the latest trading session, Salesforce.com (CRM) closed at $322.25, marking a -0.93% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.39%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.6%.Coming into today, shares of the customer-management software developer had gained 11.03% in the past month. In that same time, the Computer and Technology sector gained 0.59%, while the S&P 500 gained 1.06%.The investm ...

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Top biopharma company selects the next generation of CRM for life sciences as its commercial foundation for future expansion and launchesPLEASANTON, Calif., Nov. 14, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that Boehringer Ingelheim is the latest global top 20 biopharma company to commit to moving to Veeva Vault CRM."We are excited to bring our innovative research to patients around the world with up to 25 new treatment launches by 2030. Veeva has been our global CRM standard for many ...

Salesforce.com (CRM) shares rallied 6.1% in the last trading session to close at $341.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.8% gain over the past four weeks.The optimism surrounding the stock can be attributable to the robust demand environment as customers are undergoing a major digital transformation. Salesforce is benefiting from a comprehensive product suite and robust partner ecosystem e ...

Customer relationship management (CRM) software has become a mainstay for businesses of all sizes. CRM platforms enable companies to manage interactions and engagements with existing and potential customers. They are designed to streamline processes like contact management, track sales pipelines and opportunities, answer customer service inquiries, generate analytics and reports to gain insights, and collaborate with different teams. Most CRM platforms are now enhanced with generative AI features and offer ...

These investors have built a successful career around their ability to spot winners in the stock market.Bill Ackman of Pershing Square Capital Management and Andreas Halvorsen of Viking Global Investors are two billionaires worth following for investment ideas. They are entrusted with billions in assets to manage for clients, and that reflects a career of making smart investment choices. Alphabet (GOOG 1.17%) (GOOGL 1.12%) and Salesforce (CRM 6.14%) are two stocks these firms held in the second quarter. Bot ...

Salesforce, Inc. (CRM) has shown robust momentum in a highly volatile market environment, with shares climbing 16.1% over the past six months. This solid performance has outpaced the Zacks Computer – Software industry’s 9.6% gain and the S&P 500’s 14.8% rise. The stock’s upward trend has reignited investor interest, making it an appealing option for those looking to capitalize on its growth trajectory. Here's why buying Salesforce now could be a smart move.6-Month Price Return PerformanceImage Source: Zacks ...

ChatGPT developer OpenAI had initially planned on building a global network of foundries to produce AI chips but has instead opted to work with several companies in the computer and technology sector. Like Amazon.com Inc. NASDAQ: AMZN and Alphabet Inc. NASDAQ: GOOGL Google, OpenAI also aspires to produce its own AI chips in an effort to reduce its reliance on NVIDIA Co. NASDAQ: NVDA. NVIDIA’s Blackwell chips are already sold out for the next 12 months, which is lightyears too long of a wait during the AI re ...

Salesforce Stock Performance - Salesforce stock peaked in November 2021, bottomed out in December 2022, and reached a new high in March 2024 [2] - The stock rose 34% to hit a record high on November 8, 2023 [2] - Salesforce stock could keep hitting new records due to strong client demand for Agentforce [3] Agentforce and AI Market - Agentforce, an AI agent, is driving excitement and enjoying "amazing momentum" [2] - The global Agentic AI market is expected to reach $31 billion in revenue by the end of 2024 and grow at a 32% annual rate [4] - Agentic AI could become a killer app by improving decision-making and situational awareness through quicker data analysis and prediction intelligence [6] Salesforce's Strategy and Competition - Salesforce is hiring 1,000 more people to meet the demand for Agentforce [12] - Salesforce's business model is more customer-friendly compared to Microsoft, charging $2 per agent conversation [9] - Salesforce CEO Marc Benioff criticized Microsoft's Copilot as "disappointing" [10] Client Success Stories - BACA Systems uses Agentforce to handle a growing volume of service calls without adding additional human staff [13] - Wiley achieved a more than 40% autonomous resolution rate for customer inquiries during its busy back-to-school season [14] - Bullhorn sees Agentforce as a way to boost revenue and profits for its clients, particularly in the $24 billion market for complex billing in recruiting firms [15] Future Potential - Salesforce CEO Marc Benioff predicts more than a billion agents running from Salesforce within the next 12 months [8] - If investors underestimate the revenue potential of Agentforce, Salesforce stock could keep hitting new records [20]

Salesforce Inc. CRM is cruising ahead, with its stock flashing a powerful Golden Cross signal, propelling the tech giant into fresh bullish territory.The crossover of its 50-day moving average rising above the 200-day average is typically seen as a green light for investors. And with shares recently trading at $310.78, up 46.96% in the past year, it's clear that Salesforce is in the fast lane. Chart created using Benzinga ProRead Also: Marc Benioff Warns Microsoft’s Copilot ‘Spills Corporate Data,’ Emphasiz ...