Cloud software giant Salesforce (CRM) is set to invest a massive $15 billion in San Francisco over the next five years. The goal is to solidify the city’s position as a global artificial intelligence (AI) hub.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
This substantial funding will be used for several initiatives, including the establishment of a new AI Incubator Hub on its San Francisco campus to develop transformative AI applications. The company will also invest in AI workforce development and training programs, and help businesses transition into agentic enterprises.
“This $15 billion investment reflects our deep commitment to our hometown — advancing AI innovation, creating jobs, and helping companies and our communities thrive in this incredible new era,” said CEO Marc Benioff.
The announcement coincides with Salesforce’s annual Dreamforce conference, where investors will be closely watching for signs of the company’s ability to monetize its AI technologies.
Moreover, the move comes after Salesforce disclosed a $1 billion investment in Mexico over the next five years to accelerate AI adoption across Latin America.
Is CRM a Buy, Sell, or Hold?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 29 Buys, eight Holds, and one Sell assigned in the last three months. At $333.52, the average Salesforce stock price target implies a 36.32% upside potential.
