Salesforce ( (CRM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Salesforce’s stock has been affected by its AI advancements, notably through its Agentforce platform, which is cutting costs and creating new business opportunities. The company is also enhancing its AI capabilities through partnerships with OpenAI and Anthropic, targeting regulated industries. Despite these efforts, Northland downgraded Salesforce due to slower-than-expected growth in key metrics, suggesting difficulties in achieving the anticipated benefits from its AI initiatives.
More about Salesforce
YTD Price Performance: -27.93%
Average Trading Volume: 8,562,280
Technical Sentiment Signal: Hold
Current Market Cap: $236.8B
For further insights into CRM stock on TipRanks’ Stock Analysis page.
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