US Stocks in Motion | Salesforce.com (CRM.US) Surges Over 8% After Strategic Upgrade with Google

Stock News
Oct 16

Salesforce.com (CRM.US) experienced a significant surge of over 8% in early trading on Thursday, marking its largest increase since April 9, with shares reaching $255.44. This upward movement follows the announcement of an upgraded strategic partnership between Salesforce.com and Google. The two companies unveiled a next-generation artificial intelligence solution aimed at transforming enterprise operational models. This partnership will see the deep integration of Google's advanced Gemini model into the new Agentforce 360 platform. The enhanced collaboration focuses on boosting employee productivity by seamlessly connecting Agentforce 360 with Google Workspace in the sales and IT service sectors. In addition, the integration of the Salesforce Gemini solution, currently implemented in Gmail, will be expanded to the entire suite of Workspace tools. Furthermore, Salesforce.com anticipates that by 2030, its annual revenue will exceed $60 billion, surpassing analysts' expectations of $58.37 billion.

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