UBS reports a challenging demand environment for enterprise software as Salesforce approaches its fiscal Q1 earnings on May 27. Channel checks with IT executives show constrained IT spending, especially for non-AI software, with mixed feedback on Salesforce's product lines. UBS lowered its price target to $185 from $200, citing cautious sector demand and uncertainty about Salesforce's growth acceleration in the second half of the year. The firm maintains a Neutral rating, noting Salesforce trades at reasonable cash flow multiples but faces subdued investor sentiment and uncertain AI-driven demand uplift.
The global social media analytics market is projected to grow from $11.38 billion in 2026 to $107.3 billion by 2035, at a compound annual growth rate of 25.16%. Growth is fueled by increased social media adoption, demand for business intelligence, an...
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
Tech investor Chamath Palihapitiya warned that the rising costs of artificial intelligence (AI) usage might negatively impact some companies' earnings. He highlighted that many CEOs and CFOs are unaware of the extent of AI-related spending, which cou...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
Micron reported impressive earnings and optimistic guidance, but its stock fell sharply due to concerns that its 86% gross margins and AI-driven memory price increases are unsustainable. The AI hardware sector, after rapid gains, is seeing profit-tak...
