Salesforce shares surged 34% after reporting fiscal Q2 earnings with a non-GAAP EPS of $5.90 versus $3.27 expected, largely due to $2.6 billion in net gains from strategic investments contributing $2.53 per share. Excluding these gains, recurring earnings were close to estimates, with operating profit flat despite 10.8% revenue growth. The company showed solid subscription revenue growth and AI adoption but raised full-year guidance modestly, with most upside from acquisitions. Investors should be cautious as the stock's rally is driven more by one-time investment gains than by core business acceleration.
Investors pulled $700 million from the iShares Expanded Tech-Software Sector ETF (IGV) just hours before Snowflake reported a strong quarter with 37% product revenue growth and an increased full-year forecast, driven partly by AI. Despite Snowflake's...
Docusign announced it will open its Model Context Protocol (MCP) Server to all AI agents starting September 30, enabling native access to its AI-powered agreement intelligence and workflow engine, Docusign Iris. This integration allows AI agents on p...
