Salesforce shares drop as weak revenue view signals delayed AI returns

Salesforce shares dropped nearly 8% on Thursday, after the cloud software provider’s soft third-quarter revenue forecast hinted at delayed returns from its AI investments.

Rising investor bets on AI-driven cloud companies are pressuring them to deliver hefty returns on their billion-dollar investments into the breakthrough technology, even as economic uncertainty forces customers to pull back on spending.

Read more

You may also like

Comments are closed.

More in IT