All articles tagged with #ai momentum
Salesforce reported strong quarterly earnings with $10.3 billion in revenue, driven by AI momentum, and raised its full-year forecast, boosting its stock by 5% in after-hours trading despite a 29% decline in 2025. The company highlighted growth in subscription revenue, a robust pipeline of future revenue, and the success of its AI offerings like Agentforce, aiming for $60 billion in annual revenue by 2030.
Super Micro Computer (SMCI) shares fell over 13% despite a year-to-date rise of over 220%, driven by increasing demand for its high-performance rack servers due to the surge in new artificial intelligence (AI) applications. Analysts expect the AI momentum to continue, with Bank of America initiating the stock with a Buy rating and a price target of $1,040, while Wells Fargo was more neutral, initiating the company with an Equal Weight rating and a $960 price target, expressing belief that the shares are already factoring in substantial upside.