{"id":884391,"date":"2024-12-05T08:28:35","date_gmt":"2024-12-05T02:58:35","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=884391"},"modified":"2024-12-05T09:27:00","modified_gmt":"2024-12-05T03:57:00","slug":"salesforce-shares-surge-11-to-hit-record-high-after-ai-boom-fuels-q3-earnings-stock-up-26-ytd","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/05\/salesforce-shares-surge-11-to-hit-record-high-after-ai-boom-fuels-q3-earnings-stock-up-26-ytd\/","title":{"rendered":"Salesforce shares surge 11% to hit record high after AI boom fuels Q3 earnings; stock up 26% YTD"},"content":{"rendered":"<p>Salesforce Inc. shares hit a record high on Wednesday, December 4, after the customer relationship management software maker reported better-than-expected quarterly revenue, boosting hopes for the much-hyped artificial intelligence (AI) strategy. Salesforce provided an upbeat forecast for its newly launched AI-integrated products. <\/p>\n<p>Salesforce hit a record high of $368.7, up 11 per cent in early morning trading and is set to add more than $35 billion to its market valuation of $316.85 billion if gains hold. The stock has gained about 26 per cent this year through the last close, and the new median price target of $380 represents an about 15 per cent upside.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Salesforce Inc. shares hit a record high on Wednesday, December 4, after the customer relationship management software maker reported better-than-expected quarterly revenue, boosting hopes for the much-hyped artificial intelligence (AI) strategy. Salesforce provided an upbeat forecast for its newly launched AI-integrated products. Salesforce hit a record high of $368.7, up 11 per cent in early morning trading and is set to add more than $35 billion to its market valuation of $316.85 billion if gains hold. The stock has gained about 26 per cent this year through the last close, and the new median price target of $380 represents an [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-884391","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/884391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=884391"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/884391\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=884391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=884391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=884391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}