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Salesforce Shares Surge on Strong Earnings and Promising AI Pipeline
Salesforce shares surged over 8% following a strong earnings report, with third-quarter revenue reaching $9.44 billion, surpassing expectations. The company raised its fiscal 2025 revenue guidance and highlighted a robust pipeline for its AI agent, Agentforce, which closed over 200 deals in the quarter. Analysts from Morgan Stanley, Goldman Sachs, and Bank of America expressed optimism, raising price targets and affirming buy ratings, citing Salesforce's strategic position in the cloud industry.
CNBC
United States Dollar Salesforce, Inc. USA Marc Benioff Jonathan Vanian Michael Bloom Show more
Technology & Innovation, Market Report
17:50 04.12.2024
amazon faces scrutiny over partnership with tiktok amid national security concerns
Amazon faced scrutiny from the House China committee regarding its partnership with TikTok, which allows users to make purchases directly through the app. Lawmakers expressed concerns about the national security risks posed by TikTok, owned by China's ByteDance. Meanwhile, TikTok's future in the U.S. remains uncertain, with a law requiring ByteDance to divest by January 19, 2024, or face a ban.
CNBC
Amazon.com, Inc. ByteDance TikTok Susquehanna International Group LLP USA CHN Jeff Yass Jonathan Vanian Donald Trump Show more
Regulatory & Legal, News Article
22:45 14.11.2024
reddit shares surge on unexpected profit and optimistic revenue forecast
Reddit's shares surged 35% following a surprise profit in Q3, with revenue rising 68% to $348.4 million and a net income of $29.9 million. The company anticipates Q4 revenue between $385 million and $400 million, exceeding analyst expectations, while daily active users grew 47% to 97.2 million. Analysts praised Reddit's strong performance and structural improvements, likening its transformation post-IPO to a "Dr. Jekyll and Mr. Hyde" story.
CNBC
United States Dollar Reddit, Inc. USA Jonathan Vanian Michael Bloom Steve Huffman Show more
Finance & Economy, Market Report
15:35 30.10.2024
reddit celebrates ipo as profits surge alongside strong earnings from alphabet
Reddit celebrated its IPO on the NYSE, marking a profitable third quarter with a net income of $29.9 million, a significant turnaround from a loss last year. Alphabet also exceeded expectations, driven by a 35% revenue increase in its cloud division. Meanwhile, European banks reported strong profits, and markets showed mixed results amid concerns over Chinese EV stocks following new EU tariffs.
CNBC
United States Dollar Alphabet Inc. Reddit, Inc. XIAOMI-W UBS AG Standard Chartered PLC CHN GBR USA Jonathan Vanian Jennifer Elias Julia Boorstin Show more
Finance & Economy, Market Report
08:30 30.10.2024
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