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☆ Google C.E.O. Comments On Landmark Monopoly Ruling
▼ + stars: | 2024-12-04 | by ( The New York Times | ) www.nytimes.com time to read: +1 min

“Sundar Pichai is here, everybody, the C.E.O., of course, of Alphabet and Google. From a legal standpoint, look, these are complex cases. We have very, very capable teams which work through it. I have, I spend time, but it’s not an extraordinary amount of time or something like that, yeah.” “But what do you think your chances are, if you will? And we have gotten to that position by innovating ahead of everyone else.”

Persons: “ Sundar Pichai, we’d, it’s, ” Organizations: U.S, Android

☆ Serena Williams Said She Learned From Every Loss
▼ + stars: | 2024-12-04 | by ( Mckinnon De Kuyper | ) www.nytimes.com time to read: +2 min

But unfortunately, I think when you do lose, you learn some of your biggest lessons. And I kind of — every loss that I had, I kind of needed that to actually become Serena Williams or I would have never been this person had I not taken some of those really, really hard falls and some losses that, quite frankly, sucked.” “So what happens, what happens though, for you, is what’s the lesson of that? And that was very hard and it was very difficult to watch, go back and to watch the footage of why I lost. But it also helped me, though, because it was like, A., I never wanted to watch that footage again. And when you invest in women, just like what we do at Serena Ventures, you really see what product you get.

Persons: “, Serena Williams, I’m, It’s, We’ve, we’ve, it’s, ” Organizations: U.S ., Serena Ventures

The Summary Kash Patel, Trump’s pick for FBI director, promoted a supplement company that claims to help people “detox” from Covid vaccines. President-elect Donald Trump’s pick for FBI director, Kash Patel, promoted a supplement line this year that purports without evidence to help people “detox” from Covid vaccines. “Mrna detox, reverse the vaxx n get healthy,” he wrote in one post, tagging the company Warrior Essentials and linking to its website. Warrior Essentials says that its “detox protocol” “promotes the body’s own internal cellular regeneration process” and can remove toxins from cells, repair circulatory health and restore DNA stability. A single bottle of the “detox” supplement containing 60 capsules (30 two-pill servings) is listed for $75 on the Warrior Essentials website.

Persons: Kash Patel, Donald Trump’s, Patel, ”, Christopher Miller, Trump, ’, Michael White, Pieter Cohen, ” Cohen, Dave, Nancy Flynn, George Fareed, Fareed, White, Robert F, Kennedy Jr, Dave Weldon, Janette Nesheiwat, Martin Makary, Kennedy Organizations: Trump Media & Technology, —, Pfizer, Moderna, Trump, Securities and Exchange Commission, FBI, NBC News, University of Connecticut, Food and Drug Administration, Harvard Medical School, Care Alliance, for Disease Control, FDA Locations: America

☆ Australia third-quarter GDP grows at 0.3%, missing expectations
▼ + stars: | 2024-12-04 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy. On an annualized basis, Australia's economy rose 0.8%, also missing Reuters estimate of a 1.1% growth, following a 1% rise in the 12 months through the previous quarter. The RBA has kept its benchmark interest rates at a 13-year high of 4.35% since late last year. The RBA's next policy meeting is set on Dec.10, where the officials are widely expected to keep the cash rate unchanged.

Persons: Michele Bullock Organizations: Sydney Harbour, Opera House, Australian Bureau, Statistics, Reserve Bank of Australia Locations: Sydney, Australia

☆ Alibaba-backed Xreal launches augmented reality glasses with new chip as Meta rivalry heats up
▼ + stars: | 2024-12-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses. Xreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and Snap . The company, which is backed by Chinese e-commerce giant Alibaba , is hoping to capitalize on the growing interest in AR glasses. The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses and marks a big step for the product's capabilities. "I think that it's the biggest upgrade in Xreal history and probably the biggest upgrade for the entire consumer AR glasses [sector]," Chi Xu, CEO of Xreal, told CNBC in an interview.

Persons: Xreal, Chi Xu, Xu, Meta's Organizations: Wednesday, CNBC, Meta, Qualcomm, Google, Samsung Locations: Chinese

☆ Zino: AgentForce is essentially not having any impact to the numbers right now.
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZino: AgentForce is essentially not having any impact to the numbers right now. Angelo Zino, Senior Equity Analyst at CFRA Research, discusses Salesforce's new product, AgentForce, noting its initial lack of impact but significant future potential. He highlights Salesforce's margin expansion despite slowing growth and the importance of AI monetization for future growth.

Persons: Angelo Zino Organizations: CFRA Research

☆ Glossier's new CEO said listening to customers on these 3 things helped her overhaul the beauty company
▼ + stars: | 2024-12-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

AdvertisementKyle Leahy, the CEO of Glossier, took over the beauty company amid weak sales and layoffs. Leahy told Inc. Magazine listening to customers on three key issues helped her turn the brand around. The transition came as the billion-dollar beauty brand's sales were plunging, forcing staff cuts. Leahy explained why listening to the brand's customers on three key issues has been key to her success. In the last three years, the brand's sales have increased by 80%, the chief executive said, and brought the company back from what Redditors once described as its "flop era."

Persons: Kyle Leahy, Leahy, Emily Weiss, Weiss, Glossier, it's, —, Redditors Organizations: Glossier, Inc, Magazine, Brands, National Retail Federation, Business Locations: North America

☆ Cybertruck production has slowed due to a battery supply issue, two workers say
▼ + stars: | 2024-12-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

AdvertisementTesla told Cybertruck workers they didn't need to report to work for three days this week. Two factory workers told BI they were told a battery supply issue caused the schedule change. Tesla shortened production hours for the Cybertruck line earlier this year. Tesla is facing a battery supply issue on its Cybertruck line, according to two Cybertruck factory workers. Over the past month, the company has further shortened shifts for some of the workflows on the Cybertruck line, three workers said.

Persons: Tesla, they'd, Kelley Organizations: Business, Workers, BI, Reuters, Electrek

☆ Taylor Swift fans lined up at Target to buy her self-published book. It turned out to be riddled with errors.
▼ + stars: | 2024-12-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

AdvertisementTaylor Swift released "The Eras Tour Book" at Target on Friday. Taylor Swift released "The Eras Tour Book" along with a vinyl and CD version of "The Tortured Poets Department: The Anthology" on Friday. "The Eras Tour Book" became available at Target on Friday. Printing problemsThe biggest problem with the book appeared to be printing issues in certain copies of Swift's book. ET on Friday, just hours after it became available, "The Eras Tour Book" had become Target's highest-selling book of 2024.

Persons: Taylor Swift, Tim Ellis, Dave Kotinsky, Swift, Taylor, —, Eryn, Kieffer, Erik Hane, Hane, Hazelton, Andreas Rentz, we'll, Rebecca Yarros, Sally Rooney's, Farrar, Straus, Giroux Organizations: Poets Department, NFL, Getty, Target, Taylor Swift Publications, Shoppers, Literary, Red, Macmillan, Poet's Department Locations: Lynchburg , Virginia, Target, Toronto, Los Angeles, Troy, New York

☆ Is Amazon's Trainium chip the 'dupe' that could finally disrupt Nvidia's AI dominance?
▼ + stars: | 2024-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, Amazon's touting new hardware it hopes can help it unseat Nvidia as the king of AI chips. The big storyAmazon's affordable AIBusiness Wire/BI'Dupes' are all the rage these days, so why not make one for AI chips? AdvertisementThat's basically Amazon Web Services' idea for breaking Nvidia's stranglehold on the AI market. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. AdvertisementAWS CEO Matt Garman detailed how customers can get the most out of their AI chips with 'UltraServers' — multiple Trainium servers smartly pieced together — and the 'UltraCluster' — what you get when you combine multiple 'UltraServers.'

Persons: Matt Garman, Andrej Sokolow, Carter Smith, Alyssa Powell, BI's Eugene Kim, CUDA, Donald Trump's, BofA, —, Ned Davis, Jon Chu, Lori Berenberg, Deedy Das, Pat Gelsinger, Jenny Chang, Rodriguez, Gen, it's, It's, Michel Barnier's, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Lisa Ryan, Milan Sehmbi Organizations: Business, Nvidia, Services, Getty, Bank of America, Ned Davis Research, Deedy Das Khosla Ventures, Bloomberg Beta, Menlo Ventures, Intel, French Locations: New York, Chicago, London

☆ Meet 2 chip execs reportedly in the running for Intel CEO — one is an outsider
▼ + stars: | 2024-12-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

AdvertisementIntel is reportedly considering Lip-Bu Tan and Matt Murphy for CEO after Pat Gelsinger's exit. Murphy leads Marvell, while Tan is a former Intel board member. Cadence Design CEO Lip-Bu Tan is reportedly one of the people being considered to become Intel's CEO. Semiconductor veteran Tan served on Intel's board between 2022 and this year, where he was on the mergers and acquisitions committee. Representatives of Intel, Murphy, and Tan did not respond to requests sent outside business hours.

Persons: Tan, Matt Murphy, Pat Gelsinger's, Intel's, Murphy, Marvell, Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Gaudi, Dibyanshu Sarkar Organizations: Intel, Marvell Technology, Bloomberg, Reuters, Nvidia, Gaudi, Cadence, AFP, Getty, Semiconductor, Walden International, SoftBank, Hewlett Packard Enterprise, Marvell, eBay, Global Semiconductor Alliance Locations: Europe, American

☆ France no-confidence vote: Michel Barnier likely to be ousted, deepening country’s crisis
▼ + stars: | 2024-12-04 | by ( Lauren Kent | Hanna Ziady | ) edition.cnn.com time to read: +4 min

CNN —French lawmakers will vote Wednesday on a no-confidence motion that is widely expected to oust the government of Prime Minister Michel Barnier, as the country grapples with a deepening political crisis and massive budget deficit. The no-confidence vote is the just the latest jolt on a political rollercoaster in France, where no single party has wielded a majority in parliament since snap elections in July. No government has been ousted in a no-confidence vote since 1962 and Barnier would become France’s shortest-serving prime minister in history. This gridlock has made the government’s budget problems much harder to solve. The credit rating agency expects France’s budget deficit to reach 6.2% of GDP by the end of the year.

Persons: Michel Barnier, Barnier, centrists, –, Emmanuel Macron, Russia’s, Tariq Kamal Chaudhry, “, ”, CNN’s Olesya, Saskya Vandoorne Organizations: CNN, Union, EU, Hamburg Commercial Bank, P Global Locations: Barnier, France, Greece, Ukraine, Hamburg

☆ Intel ruled tech. Now it’s in deep trouble
▼ + stars: | 2024-12-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

At the time, Intel was the world’s largest producer of computer chips, and its technology was housed inside nearly every PC. That means nearly two decades after Grove outlined his vision, Intel is a shell of its former self. And now, investors and company watchers are seriously questioning whether Intel can ever regain its industry-leading position, despite its importance to American chipmaking. And because ARM was ready with the technology, it quickly leapfrogged Intel as the mobile chipmaking leader. Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan on June 4.

Persons: Andy Grove, Grove, Pat Gelsinger, Gelsinger, ”, Angelo Zino, Shannon Stapleton, Gordon Moore, Intel “, Vivek Arya, “, Edward Jones, Logan Purk, Gelsinger “, ” Zino, Ann Wang, Nvidia —, didn’t, Jensen Huang, it’s “, Huang, Biden, ” Forrester, Alvin Nguyen, Saul Loeb, David Zinsner, Johnston Holthaus, Nguyen, Intel’s, Trump, ” Purk, Zino, ” Frank Yeary Organizations: New, New York CNN, Intel, Dow Jones, Nvidia, CFRA Research, ARM, Apple, Reuters, AMD, ” Bank of America Securities, CNN, Getty, Qualcomm, Foundry Locations: New York, American, Taipei, Taiwan, Ohio, China

☆ 'Call Her Daddy' star Alex Cooper is launching an electrolyte beverage with Nestlé
▼ + stars: | 2024-12-04 | by ( Madeline Berg | Amanda Perelli | ) www.businessinsider.com time to read: +3 min

AdvertisementAlex Cooper announced a new product: an electrolyte drink called Unwell Hydration. The "Call Her Daddy" star said the drink is low in sugar and contains B vitamins. Alex Cooper is getting into the beverage business. The "Call Her Daddy" host announced on Wednesday that she'd be launching Unwell Hydration, an electrolyte beverage, early next year. Advertisement"Every time I went to pick up an energy drink or any type of hydration drink, it's all catered to men," she told DealBook's Andrew Ross Sorkin.

Persons: Alex Cooper, Cooper, DealBook's Andrew Ross Sorkin, it's, Forbes, Cent, Dwayne Johnson, Kim Kardashian, YouTubers Logan Paul, George Clooney, Sean Combs, Ryan Reynolds, Cooper's, influencers, Alix Earle, Harry Jowsey, Madeline Argy Organizations: Nestlé, Energy, Bloomberg, Diageo, Aviation, US

☆ Michel Barnier, France’s prime minister, likely to be ousted in no-confidence vote, deepening country’s crisis
▼ + stars: | 2024-12-04 | by ( Lauren Kent | Hanna Ziady | ) edition.cnn.com time to read: +3 min

CNN —French lawmakers will vote Wednesday on a no-confidence motion that is widely expected to oust the government of Prime Minister Michel Barnier, as the country grapples with a deepening political crisis and massive budget deficit. No government has been ousted in a no-confidence vote since 1962 and Barnier would become France’s shortest-serving prime minister in history. But it’s unclear how any future prime minister will find unified support in a divided political landscape and avoid being similarly toppled. This gridlock has made the government’s budget problems much harder to solve. The credit rating agency expects France’s budget deficit to reach 6.2% of GDP by the end of the year.

Persons: Michel Barnier, Barnier, centrists, –, Emmanuel Macron, Russia’s, Saskya Vandoorne Organizations: CNN, Union, EU Locations: Barnier, France, Greece, Ukraine

☆ Our newest portfolio stock backed off its recent 52-week high — so we're buying more
▼ + stars: | 2024-12-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Wednesday's trade, Jim Cramer's Charitable Trust will own 800 shares of BMY, increasing its weighting to about 1.25% from 1%. It's why Bristol-Myers shares currently trade at about 8 times the 2025 consensus earnings per share estimate. Bristol-Myers' price-to-earnings multiple should re-rate higher as Cobenfy sales ramp up in the years ahead — easing investors' concerns about the company's growth post-patent cliff. The stock currently sports an annual dividend yield of about 4.15%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Myers, Jim Cramer's, Chris Boerner, Bristol Myers, Jim Cramer, Jim Organizations: Myers Squibb, BMY, Bristol, pharma, Karuna Therapeutics, FDA, JPMorgan, CNBC Locations: Bristol, U.S

☆ Men in Corporate America Spend Thousands on Beauty Routines in Secret
▼ + stars: | 2024-12-04 | by ( Kari Mcmahon | ) www.businessinsider.com time to read: +12 min

AdvertisementAfter his transplants, he said he felt more confident and spent less time questioning how clients and coworkers perceived him. Now, he said, some men view getting work done as basic maintenance — just like "getting a haircut." A 2023 survey from the American Society of Plastic Surgeons found that the number of men getting cosmetic procedures in the US increased by 8% from 2022 to 2023. Maman said it's also very common for men in high-status fields to want to look fresher and avoid looking tired. He said men make up around 10% to 15% of his clientele and about half of those men are corporate professionals who "want to look good in the workplace."

Persons: John, —, John isn't, it's, Daniel Maman, Maman, Dan, He's, Anna Efetova, There's, Josef Hadeed, Hadeed, Darrell Spencer, Spencer, who's, I'm, Roy Cohen, Cohen, Andrew Huberman's, Tim Peters, Peters, Wall, Catherine Chang, Chang Organizations: Business, American Society of Plastic Surgeons, Beverly, Soho, Alibaba, AARP, Privé Locations: Washington , DC, Turkey, DC, New York, Miami, Beverly Hills, Privé Beverly Hills

☆ Consumers should prepare for Trump tariffs to usher in new round of price increases, says Richmond Fed president Tom Barkin
▼ + stars: | 2024-12-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +5 min

"What we're seeing, I think very strongly now, is [that] consumers are frustrated — they're frustrated by high prices." During the more-than-two-year stretch of inflation that was born out of pandemic shortages and supply chain issues and continued as companies raised prices, consumers largely stayed resilient and continued to spend. Barkin said that in 2018 and 2019 he met with companies and asked if they were going to pass on Trump tariff-driven cost increases to consumers. Navarro was previously a top trade aide for Trump during his first term a and major proponent of tariffs. So, it should do something to increase prices."

Persons: Barkin, CNBC's Steve Liesman, — they're, Trump, Tom Barkin, John David Rainey, Trump's, Rainey, you've, Brandon Sink, Liesman, Peter Navarro, Navarro, that's, it's Organizations: CNBC, Summit, Washington , D.C, Target, Walmart, Federal Reserve Bank of Richmond, Trump, Depot, Trade, Trump Manufacturing, Richmond Fed Locations: Washington ,, Trump, China

☆ Marc Benioff ruptured his achilles tendon. He doesn't give a 'Fakarava' as Agentforce hope sends Salesforce stock to record.
▼ + stars: | 2024-12-04 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

On Tuesday, Salesforce CEO Marc Benioff described a painful injury he sustained recently while visiting Fakarava, a remote atoll in the Pacific Ocean. More importantly, Benioff shared some early signs of positive traction for Salesforce's latest AI product, called Agentforce, which helps customers design AI agents. AdvertisementThe CEO said Salesforce "delivered" 200 deals for this new generative AI offering after it became generally available in the last week of the quarter. AdvertisementBenioff touted what he called Salesforce's "unfair advantage" over other generative AI tools because Agentforce is grounded on customer data, such as purchases and returns. Advertisement"Despite Salesforce making AI its defining narrative, the true turning point hinges on Agentforce execution and adoption," Miner wrote.

Persons: Benioff, Marc Benioff, Fakarava, I've, Salesforce, Bret Taylor, It's, Agentforce, Copilot, OpenAI's, Charlie Miner, Miner Organizations: Microsoft Locations: Fakarava, Polynesia

☆ If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
▼ + stars: | 2024-12-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. Trump recently pledged to impose an additional 10% tariff on Chinese imports on top of existing ones. On the campaign trail, he also floated a 60% across-the-board tariff on Chinese goods. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. On the luxury footwear and apparel side, though, Italy may experience higher production demand, Anthony added.

Persons: Donald Trump, he’s, Trump, Daniel Anthony, ”, Anthony, Brad Setser, Ina Fassbender, Setser, ” Anthony, Joe Biden Organizations: New, New York CNN, Trump, US, Trade Partnership, CNN, Council, Foreign Relations, Getty, Electronics Locations: New York, Mexico, China, Canada, United States, Vietnam, Germany, Japan, South Korea, Essen , Germany, AFP, Indonesia, Bangladesh, Cambodia, Federal, Italy, Electronics Taiwan, Malaysia, Thailand, India

☆ Spotify Wrapped is always a mess for parents. The new AI 'podcast' version just makes it worse.
▼ + stars: | 2024-12-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

AdvertisementSpotify's year-end feature has something new: an AI-generated "podcast" about your Wrapped. One of the indignities inflicted on parents of young children is Spotify Wrapped. (I should note here that the podcast said I was in the Top 0.02%, while the main Wrapped said it was 0.05%. But listening to an AI podcast about it? But NotebookLM is a pretty niche product so far — and Spotify Wrapped is a massively popular feature on a massively popular app.

Persons: Lizzie Widhelm, Raffi, there's, Taylor Swift, I've, It's Organizations: Spotify

☆ Eli Lilly's obesity drug beats rival in head-to-head trial — where Cramer sees shares going next
▼ + stars: | 2024-12-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

New trial data has cemented Club holding Eli Lilly 's pole position in the highly competitive obesity drug race. The news Eli Lilly's obesity drug Zepbound bested its main rival Wegovy — made by Denmark's Novo Nordisk — in the first head-to-head trial comparing the fast-growing weight loss treatments. Shares of Eli Lilly, a longtime portfolio name, rose more than 2.5% Wednesday, to around $833 apiece. LLY YTD mountain Eli Lilly YTD "I think [Lilly stock] should return to the $900 level," Jim Cramer said Wednesday on the Morning Meeting. A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.

Persons: Eli Lilly, Eli, Zepbound, Wegovy —, Zepound, Lilly, Wegovy, Leerink, Ozempic, Lilly's, Biden, Donald Trump, Robert F, Kennedy Jr, Eli Lilly YTD, Jim Cramer, Dave Ricks, Mounjaro, Jim Cramer's, Jim, Scott Olson Organizations: Denmark's Novo Nordisk —, Novo Nordisk, Analysts, Drug, FDA, Morning, CNBC, Company, Getty Locations: Eli Lilly's, Indianapolis , Indiana

☆ Salesforce shares jump on earnings beat and strong AI deals pipeline
▼ + stars: | 2024-12-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Salesforce's revenue grew 8% year over year to $9.44 billion in its third quarter, up from the $9.34 billion expected by LSEG. Salesforce raised revenue guidance to between $37.8 billion and $38 billion for its fiscal 2025, up slightly from $37.7 billion to $38 billion it had previously reported. The analysts said they are encouraged by Salesforce's strong start with its artificial intelligence agent, Agentforce, as it closed more than 200 deals during the quarter with "thousands" more in the pipeline. Salesforce's Agentforce is an example of so-called AI agent technology. Goldman Sachs analysts raised their Salesforce price target from $360 to $400 and reiterated their buy rating on the stock.

Persons: Marc Benioff, Morgan Stanley, Salesforce's, Goldman Sachs, Agentforce, Michael Bloom, Jonathan Vanian Organizations: Economic, LSEG, TAM, Bank of America Locations: Davos, Switzerland

☆ Salesforce shares can rally more than 30% thanks to latest AI push, Bank of America says
▼ + stars: | 2024-12-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Salesforce shares have more upside in store as the software giant rolls out its latest AI push, according to Bank of America. The bank lifted its price target on the stock to $440 from $390, reflecting 33% upside from Tuesday's close, after the company topped third-quarter revenue estimates and issued upbeat fourth-quarter guidance. Shares surged more than 13% on the results and looked poised to add to a 26% year-to-date gain. "Q3 results suggest that the company is leading the way in agentic AI cycle with Agentforce," wrote analyst Brad Sills. Wells Fargo analyst Michael Turrin reiterated his equal weight rating while lifting his price target to $345 from $330 a share.

Persons: Brad Sills, Goldman Sachs, Kash Rangan, Morgan Stanley's Keith Weiss, Wells, Michael Turrin Organizations: Bank of America, JPMorgan Locations: CY26, Wells Fargo

☆ Salesforce's earnings results spell success for AI products, Jim Cramer says
▼ + stars: | 2024-12-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer opined on artificial intelligence, explaining why Salesforce 's recent quarter suggests the innovative potential for the new technology is strong. "But now I'm thinking maybe I don't talk enough about it at all. On the earnings call, Salesforce CEO Marc Benioff boasted about the success of its latest AI product, Agentforce, which consists of AI-powered chatbots. These AI agents are meant to automate various tasks for the enterprise, such as marketing or customer service efforts. Cramer insisted that AI agents won't replace humans, and instead are designed to take on jobs most don't want to perform or that companies have trouble filling.

Persons: CNBC's Jim Cramer, Salesforce, There's, Marc Benioff, Benioff, Cramer Organizations: Big Tech

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