OpenAI 首席执行官萨 姆・奥特曼。 友敌何时会变成致命威胁？这应该是 ServiceNow、Salesforce、Snowflake 等企业软件公司高管最关心的 问题。这些公司都曾在不同时期宣布与 OpenAI 建立合作关系。然而，OpenAI 似乎正竭尽全力，试图 让其中至少一部分公司走向倒闭。正如我们上周五晚间报道的，在上周面向投资者的演示中，"OpenAI 领导层表示，预计公司未来面向企业推出的产品与智能体，将取代 Salesforce、Workday、Adobe、Slack 和 Atlassian 等科技公司的软件"。 周一，OpenAI 宣布与咨询公司达成最新系列合作，助力其向企业销售前沿 AI 智能体管理软件。（关 于 OpenAI 企业计划的更多内容，可点击此处和此处查看。）毋庸置疑，OpenAI 是营销大师，其诸多 公告都带有炒作成分。考虑到该公司此前已与部分咨询公司达成合作，此次最新宣布的合作究竟有多少 增量价值尚不明确。与此同时，这些咨询公司会与任何能帮助其销售更多服务的主体合作。它们早已与 Snowflake、Anthropic、微软、谷歌等公司建立了 AI 相关合作。麦肯锡在公告 ...

Core Viewpoint - Salesforce's business performance is strong, but the stock may not be an obvious buy due to concerns over stock-based compensation and the impact of AI on profit margins and pricing power [1][3][13]. Financial Performance - In Q3 of fiscal 2026, Salesforce reported a revenue increase of 9% year over year, reaching $10.3 billion, with free cash flow rising 22% to $2.2 billion [5]. - The company incurred $805 million in stock-based compensation expenses, approximately 8% of quarterly revenue, which is higher than Alphabet's 6% in 2025 [6][8]. Shareholder Returns - Salesforce returned $4.2 billion to shareholders in Q3, including $3.8 billion in share repurchases and $395 million in dividends, which is significant for a company with a market cap of about $170 billion [8]. AI Integration and Market Dynamics - Salesforce is heavily investing in AI, with its AI-based products showing promising results, such as Agentforce and Data 360's annual recurring revenue reaching nearly $1.4 billion, up 114% year over year [11]. - The introduction of AI may increase competition and lower margins, creating uncertainty in the market [12][13]. Valuation Considerations - Despite a price-to-earnings ratio around 24, the stock is not considered cheap enough given the uncertain environment and revenue growth in the high single digits [13]. - There is a preference for more clarity on Salesforce's long-term profitability and market position before making investment decisions [14].

Market Overview - The U.S. markets experienced a mixed day, with a focus on the U.S. 2-year yield rising by four basis points following a Supreme Court ruling that raised questions about inflation and interest rates [2][6] - Gold prices increased as investors reacted to the risk-off sentiment in the market, while tech stocks, particularly in the software sector, saw declines of approximately 1.5% [2][4] Technology Sector - The software sector is facing significant pressure, with fears that AI tools may replace traditional software suites, leading to a 30% decline in an index of stocks including Salesforce and Adobe since their record highs [4][70] - Companies like IBM have seen substantial stock declines, with IBM down over 13% amid concerns about AI disruption [70][77] Payment and Delivery Services - PayPal's stock rose nearly 5% due to takeover interest, contrasting with the broader tech sector's struggles [3] - Delivery service companies such as DoorDash and Uber are facing challenges as hypothetical scenarios suggest that AI could disrupt their business models, contributing to stock declines [5][71] Tariff and Trade Implications - The Supreme Court ruling on tariffs has created uncertainty, particularly for major importers like Home Depot and TJX, as the market grapples with the implications of potential tariff changes [6][80] - The Attorney General of Nevada indicated that states are considering actions to recover tariffs collected, which could amount to hundreds of billions of dollars [22][23] Economic Indicators - The current economic environment shows signs of growth, with global growth rates around 2.5% and 3% including emerging markets, while inflation is gradually decreasing [10][17] - The bond market is experiencing a steepening yield curve, driven by long-term inflationary concerns and an excess supply of government debt [12][14] Trucking and Transportation Sector - The trucking industry is witnessing structural changes, with a significant reduction in driver availability leading to higher rates and potential long-term impacts on capacity [57][68] - Demand for transportation services is still down year-over-year, but there are positive indicators such as increased trade volumes and a projected recovery in the second half of the year [59][63]

CNBC's Jim Cramer offered a blunt takeaway from Monday's selloff: Artificial intelligence concerns have left the stock market incredibly fragile.After the S&P 500 and Nasdaq each shed more than 1%, the "Mad Money" host urged investors to exercise caution because stocks were "just too easy to take down today." The reason for the early-week downturn was a post from Citrini Research over the weekend — arguing the AI boom could hurt the economy and cause unemployment to shoot up to 10% if white-collar jobs were ...

The Dow Jones Industrial Average (^DJI) was down 821.91 (-1.66%) points today, closing at 48,804.06, while Dow Futures (YM=F) fell 857.00 (-1.73%) to 48,817.00. The main narrative driving the market was a sudden 15% blanket tariff announcement, which reignited trade war fears and global economic uncertainty. This policy shift, combined with hawkish Federal Reserve commentary suggesting a "coin flip" for future rate cuts, triggered a massive rotation out of cyclical and growth sectors into defensive assets.F ...

Software Earnings Arrive. It's a Crucial Time for the Industry. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Software Earnings Arrive. It's a Crucial Time for the Industry.By [Angela Palumbo]ShareResize---ReprintsSalesforce is scheduled ...

Salesforce Inc. (NYSE:CRM) is one of the AI stocks that will go to the moon. On February 18, Salesforce Inc. (NYSE:CRM) entered into an agreement to acquire Momentum. The acquisition of the conversational insights and revenue orchestration platform will extend Agentforce 360 and Slackbot abilities to ingest and analyze unstructured data from third-party voice and video channels. Salesforce Inc (CRM) Expands AI Capabilities With Momentum Acquisition Salesforce plans to merge Momentum’s universal ingestion ...

Group 1 - The article discusses a thought experiment regarding the potential impact of AI on the white-collar economy, suggesting that if AI performs exceptionally well, it could disrupt the software industry significantly [2] - Major companies in the SaaS sector, such as Salesforce, Snowflake, and Workday, are set to report earnings, and their ability to adapt to AI automation will be closely scrutinized by investors [2] - Despite some companies like ServiceNow and Palantir showing resilience in their recent quarters, the overall market sentiment remains negative, leading to continued sell-offs in the sector [3][4] Group 2 - A chart from Goldman Sachs illustrates a historical pattern where newspaper stocks maintained earnings while their stock prices fell, indicating that the market may be preemptively pricing in the disruptive effects of AI on software companies [4] - The cybersecurity sector is also experiencing declines, with stocks like CrowdStrike facing significant drops despite positive commentary about AI's capabilities [5] - Companies that adapt to disruption, like the New York Times, which has diversified its revenue streams, are highlighted as examples of how to thrive in changing markets [6][7]

The Dow Jones Industrial Average (^DJI) was down 798.40 (-1.61%) points today, currently sitting at 48,827.57. Similarly, Dow Futures (YM=F) was down 742.00 (-1.49%) points. The primary narrative driving this sharp decline was a significant "risk-off" rotation triggered by renewed concerns over stubborn inflation data and a potential hawkish shift in monetary policy. This sentiment disproportionately affected the financial and technology sectors, as investors moved capital away from growth-oriented and cred ...

While Wall Street, New York City and much of the northeastern U.S. are under a blizzard warning, one might say that the software industry is currently navigating a “SaaS-pocalypse.” A massive valuation reset wiped out nearly $1 trillion in market value, sending several industry giants to 52-week lows.CRM stock is falling. See the chart and price action here. The AI Blizzard: 52-Week Lows & PerformanceAs of late February, the following key SaaS stocks have seen significant volatility or reached yearly lows, ...