L'intérêt à découvert pour Salesforce donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Salesforce. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Salesforce (NYSE:CRM) Stock, Rapport sur les intérêts à découvert

Salesforce

Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

JMP Securities analyst Patrick Walravens maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Market Outperform and raises the price target from $342 to $450.

JMP Securities Maintains Market Outperform on Salesforce, Raises Price Target to $450

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Truist Securities boosted the price target for Universal Technical Institute, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) from $22 to $26. Truist Securities analyst Jasper Bibb maintained a Buy rating. Universal Technical Institute shares closed at $19.89 on Wednesday. <a href="https://www.benzinga.com/quote/UTI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel increased the price target for Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) from $195 to $205. Stifel analyst Erik Rasmussen maintained a Buy rating. Digital Realty Trust shares closed at $185.91 on Wednesday. <a href="https://www.benzinga.com/quote/DLR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities raised Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) price target from $190 to $220. B. Riley Securities analyst Naved Khan maintained a Buy rating. Wix.com shares settled at $210.27 on Wednesday. <a href="https://www.benzinga.com/quote/WIX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) price target from $140 to $165. Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating. Williams-Sonoma shares closed at $175.04 on Wednesday. <a href="https://www.benzinga.com/quote/WSM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt increased NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) price target from $200 to $220. Rosenblatt analyst Hans Mosesmann maintained a Buy rating. Nvidia shares closed at $145.89 on Wednesday.  <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS boosted Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) price target from $75 to $80. UBS analyst William Appicelli maintained a Buy rating. Spire shares closed at $68.39 on Wednesday. See how other analysts view this stock.</li>
<li>Guggenheim cut the price target for AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) from $190 to $189. Guggenheim analyst Ali Faghri maintained a Buy rating. AutoNation shares settled at $164.85 on Wednesday. <a href="https://www.benzinga.com/quote/AN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen boosted Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $290 to $340. TD Cowen analyst J. Derrick Wood maintained a Hold rating. Salesforce shares closed at $325.70 on Wednesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group increased the price target for The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) from $138 to $142. Evercore ISI Group analyst Michael Binetti maintained an Outperform rating. TJX shares closed at $119.74 on Wednesday. <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $180 to $190. Deutsche Bank analyst Brad Zelnick maintained a Buy rating. Snowflake shares closed at $129.12 on Wednesday. <a href="https://www.benzinga.com/quote/snow/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NVDA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="549" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21135115/image-226-1024x549.png" alt="" class="wp-image-659589" style="width:718px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21135115/image-226-1024x549.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21135115/image-226-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21135115/image-226-768x412.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21135115/image-226.png 1242w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Markets

Trading Ideas

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SNOW

Nvidia To Rally More Than 50%? Here Are 10 Top Analyst Forecasts For Thursday

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$155.00</td>
<td>$45.1K</td>
<td>174.0K</td>
<td>260.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$30.00</td>
<td>$36.3K</td>
<td>33.8K</td>
<td>43.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$227.50</td>
<td>$54.2K</td>
<td>14.2K</td>
<td>30.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$550.00</td>
<td>$31.2K</td>
<td>4.7K</td>
<td>12.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$167.50</td>
<td>$38.5K</td>
<td>1.9K</td>
<td>12.1K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$360.00</td>
<td>$138.9K</td>
<td>3.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$136.00</td>
<td>$109.2K</td>
<td>2.5K</td>
<td>2.5K</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$26.0K</td>
<td>2.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$28.00</td>
<td>$98.2K</td>
<td>5.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$150.00</td>
<td>$27.0K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 4029 contract(s) at a $155.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $11.0 per contract. There were 174065 open contracts at this strike prior to today, and today 260113 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $121.0 per contract. There were 33874 open contracts at this strike prior to today, and today 43077 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 217 contract(s) at a $227.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $54.2K, with a price of $250.0 per contract. There were 14297 open contracts at this strike prior to today, and today 30643 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on November 22, 2024. This event was a transfer of 50 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $624.0 per contract. There were 4751 open contracts at this strike prior to today, and today 12223 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 100 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 1912 open contracts at this strike prior to today, and today 12121 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 142 contract(s) at a $360.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $138.9K, with a price of $977.0 per contract. There were 3442 open contracts at this strike prior to today, and today 3041 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 473 contract(s) at a $136.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $109.2K, with a price of $231.0 per contract. There were 2543 open contracts at this strike prior to today, and today 2546 contract(s) were bought and sold. 
• For RCAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 2673 open contracts at this strike prior to today, and today 2236 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a put option trade with bearish sentiment. It expires in 29 day(s) on December 20, 2024. Parties traded 390 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $98.2K, with a price of $252.0 per contract. There were 5055 open contracts at this strike prior to today, and today 2096 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 227 contract(s) at a $150.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $119.0 per contract. There were 1101 open contracts at this strike prior to today, and today 1472 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

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MSTR

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10 Information Technology Stocks With Whale Alerts In Today's Session

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Shares of software, cybersecurity, and cloud companies are trading higher in possible sympathy with Snowflake, which saw gains after the company reported better-than-expected Q3 financial results and raised its FY25 product revenue guidance.

TD Cowen analyst J. Derrick Wood maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Hold and raises the price target from $290 to $340.

TD Cowen Maintains Hold on Salesforce, Raises Price Target to $340

Oppenheimer analyst Brian Schwartz reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Outperform and raises the price target from $330 to $385.

Reiteration

Oppenheimer Reiterates Outperform on Salesforce, Raises Price Target to $385

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) unveiled a groundbreaking tool for managing <a href="https://www.benzinga.com/pressreleases/24/11/b42086392/salesforce-introduces-agentforce-testing-center-first-of-its-kind-ai-agent-lifecycle-management-to" target="_blank" rel="noreferrer noopener">artificial intelligence (AI) agent lifecycle processes</a>. 
The system, dubbed Agentforce Testing Center, introduces a new paradigm for businesses adopting autonomous agent technology.
The launch comes on the <a href="https://www.benzinga.com/general/social-media/24/11/42082700/meta-taps-former-salesforce-ai-chief-to-lead-enterprise-ai-push-amid-expanding-open-source-strategy" target="_blank" rel="noreferrer noopener">heels of Salesforce&#8217;s losing</a> its AI lead, Clara Shih, to Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
See Also: <a href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination">Apple To Argue For Dismissal Of DOJ Antitrust Case Over Alleged US Smartphone Market Domination</a>
Salesforce aims to address critical challenges in AI deployment, including ensuring reliable performance and reducing operational risks. With Agentforce, the company is leveraging synthetic interactions and secure environments to streamline testing and improve customer experiences.
Agentforce Testing Center incorporates features that automate testing scenarios and generate synthetic interactions to simulate real-world use cases.
Teams can now assess AI agent performance, refine interactions, and ensure accurate outcomes before live deployment. With natural language processing capabilities, the tool allows parallel testing of hundreds of potential interactions, boosting efficiency and accuracy.
Salesforce introduced sandbox environments that replicate production data and configurations. This feature enables teams to prototype Agentforce applications safely without disrupting live operations. By integrating tools like DevOps Center and Salesforce CLI, developers can easily migrate tested solutions into production, ensuring seamless transitions.
New monitoring tools, such as Agentforce Analytics and Utterance Analysis, provide granular insights into AI performance. These tools, built on Salesforce&#8217;s Data Cloud, offer continuous improvement by analyzing user feedback and interaction patterns. Additionally, Digital Wallet integration ensures businesses can monitor their AI usage and manage credits effectively.
Agentforce Testing Center will be generally available in December, while sandbox support for Data Cloud and Agentforce is accessible today.
Northland Capital Partners highlighted <a target="_blank" href="https://www.benzinga.com/news/management/24/11/41978942/salesforce-ceo-marc-benioff-bets-big-on-billion-bots" rel="noreferrer noopener">Salesforce&#8217;s Agentforce platform</a> as &#8220;on par&#8221; with Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) AI offerings, underscoring its competitive edge.
CNBC&#8217;s Jim Cramer praised Agentforce as &#8220;revolutionary,&#8221; citing it as one of the most impactful AI use cases, driving Salesforce&#8217;s stock rally.
Salesforce&nbsp;stock gained over 26% year-to-date. Investors can gain exposure to the stock through First Trust DJ Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>) and REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>).
Price Action: Salesforce stock is up 1.10% at $327 premarket at the last check on Wednesday.
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Image: Shutterstock

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Salesforce Tool Aims To Simplify AI Agent Testing, Deployment

Deployment of autonomous AI agents at Fisher &amp; Paykel will help provide 24/7, tailored support for customers
Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), the world's #1 AI CRM, today announced that luxury appliance manufacturer Fisher &amp; Paykel, will deploy <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2Fagentforce%2F&amp;esheet=54155743&amp;newsitemid=20241120907571&amp;lan=en-US&amp;anchor=Agentforce&amp;index=1&amp;md5=7243b6d282ef47ce341d2a5fbea6517e">Agentforce</a> to scale its customer support team with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2Fagentforce%2Fautonomous-agents%2F&amp;esheet=54155743&amp;newsitemid=20241120907571&amp;lan=en-US&amp;anchor=autonomous+agents&amp;index=2&amp;md5=1035778bacef4cef4c4022aa0e9ae56c">autonomous agents</a> — taking actions like answering frequently asked questions, scheduling service appointments, and more, freeing up human agents' time for higher value tasks.
Agentforce, a new layer on the Salesforce Platform that enables companies to easily build and deploy <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2Fagentforce%2Fwhat-are-ai-agents%2F&amp;esheet=54155743&amp;newsitemid=20241120907571&amp;lan=en-US&amp;anchor=AI+agents&amp;index=3&amp;md5=df5aaeb74a4ad85df33b157ea94e5bd4">AI agents</a> that can autonomously take action across any business function, will help Fisher &amp; Paykel deliver around-the-clock, high-quality support, giving customers experiences that are in keeping with its premium appliances. And, by handing off simpler and more routine tasks to agents, Fisher &amp; Paykel's human reps will have more time to spend building customer relationships that increase sales.

Fisher & Paykel Chooses Salesforce Agentforce To Boost Global Customer Sales And Service; Deployment Of Autonomous AI Agents At Fisher & Paykel Will Help Provide 24/7, Tailored Support For Customers

JP Morgan analyst Mark Murphy maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Overweight and raises the price target from $310 to $340.

JP Morgan Maintains Overweight on Salesforce, Raises Price Target to $340

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has appointed Clara Shih, former Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) artificial intelligence chief, to head its newly formed Business AI division, marking a significant expansion of the social media giant&#8217;s AI strategy for enterprise customers.
What Happened: Shih, who announced her move <a href="https://www.linkedin.com/posts/clarashih_the-past-four-years-at-salesforce-have-activity-7264709174326886401-rZVL/">via</a> LinkedIn on Tuesday, will spearhead Meta&#8217;s efforts to develop AI tools for businesses using Meta&#8217;s social platforms. &#8220;Our vision is to make cutting-edge AI accessible to every business, empowering all to find success and own their future in the AI era,&#8221; Shih stated.
The appointment comes as Meta accelerates its unique open-source AI approach, differentiating itself from competitors like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)-backed OpenAI and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
Rather than monetizing AI through direct subscriptions, Meta aims to enhance its existing advertising and social media platforms using its <a href="https://www.benzinga.com/tech/24/07/39915337/mark-zuckerberg-takes-aim-at-elon-musk-sam-altman-with-big-ai-aspirations-through-metas-latest-llama">Llama language models</a>.
See Also: <a href="https://www.benzinga.com/24/11/42079585/meta-google-and-microsoft-bet-big-on-ai-with-skyrocketing-capex-budgets-but-jensen-huangs-nvidia-poised-to-be-the-biggest-winner-says-analyst-only-game-in-town-with-1-trillion-of-ai-capex">Dan Ives Expects &#8216;Drop The Mic Performance&#8217; Tomorrow From Nvidia: Here&#8217;s Why</a>
Why It Matters: Meta&#8217;s AI push has gained momentum under CEO Mark Zuckerberg&#8216;s leadership. During the company&#8217;s third-quarter earnings call, Zuckerberg revealed plans for Llama 4, announcing an unprecedented computing infrastructure utilizing over 100,000 Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 GPUs. The next-generation model is scheduled for <a href="https://www.benzinga.com/markets/equities/24/10/41643021/mark-zuckerberg-says-metas-open-source-gambit-is-paying-off-as-nvidia-and-amd-optimize-for-llama">release in early 2025</a>.
The company has already begun integrating AI-generated content into its platforms, including AI-created photo carousels on Facebook and AI chatbots on Instagram. 
Bank of America Securities <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41658862/meta-is-an-ai-story-fueled-by-llama-and-meta-ai-says-bullish-analyst">recently labeled Meta</a> an &#8220;AI Story,&#8221; citing the growing adoption of Llama and Meta AI. The firm projects AI-driven advertising improvements to materialize by 2025.
The move follows Meta&#8217;s strong third-quarter performance, where the company exceeded analyst expectations while signaling increased capital investment in AI infrastructure. Zuckerberg has touted the <a href="https://www.benzinga.com/news/24/07/40088285/mark-zuckerberg-says-metas-405b-model-llama-3-1-has-better-cost-performance-than-openais-chatgpt-thi">company&#8217;s $405 billion Llama 3.1 model</a> as having superior cost performance compared to competing closed models.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42081224/comcast-plans-major-cable-networks-spinoff-msnbc-and-cnbc-to-form-new-public-company-report">Comcast Plans Major Cable Networks Spinoff, MSNBC And CNBC To Form New Public Company: Report</a></li>
</ul>
Image via Pixabay
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Social Media

Global

Tech

GOOG

GOOGL

Meta Taps Former Salesforce AI Chief To Lead Enterprise AI Push

<a href="https://www.bloomberg.com/news/articles/2024-11-19/salesforce-plans-layoffs-at-acquisition-own-in-strategy-shift" title="https://www.bloomberg.com/news/articles/2024-11-19/salesforce-plans-layoffs-at-acquisition-own-in-strategy-shift">https://www.bloomberg.com/news/articles/2024-11-19/salesforce-plans-layoffs-at-acquisition-own-in-strategy-shift</a>

'Salesforce Plans Layoffs At Acquisition Own In Strategy Shift' - Bloomberg News

Erste Group analyst Hans Engel upgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Hold to Buy.

Upgrades

Erste Group Upgrades Salesforce to Buy

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is back in the top five holdings of The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) as of Nov. 15, fund manager Gary Black said on Monday.
What Happened: Tesla is now the fifth top holding in the ETF after Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
The Future Fund has maintained Tesla as a significant holding since its 2021 launch, though the position has been adjusted from <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41870590/tesla-remains-core-for-gary-black-despite-price-cuts-earnings-drop-nvidia-google-eli-lilly-among-top-performers-in-tech-bulls-portfolio">12.2% in October 2022</a> to 4.11% as of Nov. 15.
Nvidia tops the charts, accounting for 9.29% of The Future Fund Active ETF&#8217;s net assets. Alphabet&#8217;s Class A stock stands at 7.81%, Salesforce at 4.85%, and Netflix at 4.56%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Future Fund holdings as of 11/15/2024 &#8211; <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> #1, <a href="https://twitter.com/search?q=%24NFLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NFLX</a> #4, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> #5. <a href="https://t.co/J4QcMffS65">pic.twitter.com/J4QcMffS65</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1858660971566202999?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;It's called sell discipline, and in the institutional world it's critical to getting assets. No institution will hire you as a manager if you like a stock at any price,&#8221; Black said.
&#8220;Second, when $TSLA pursues a pricing strategy that causes earnings to fall by 50% and TSLA stock to fall by 70% as happened in 2022-2023, wouldn't it be better to sell high and then buy back in after the drawdown?&#8221;
Why It Matters: Tesla resorted to price cuts in late 2022 to up their sales amid an EV demand slowdown and rising competition. The price cuts weighed heavily upon Tesla&#8217;s margins and Black started <a href="https://www.benzinga.com/24/04/38349246/should-have-sold-our-entire-tsla-position-says-fund-manager-following-ev-giants-coordinated-global-p">trimming his position.</a> The Tesla investor community subsequently alleged that he is <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher">engaging in short-term trading. </a>
&#8220;Those of us who are long time TSLA bulls, who know instinctively when the stock is oversold and conversely when sentiment is too exuberant, get run out of town quickly for voicing concerns — even when those concerns turn out later to be accurate (e.g. price cuts).&#8221;
In my world, it's ok to take profits when a stock is up 150% in 8 months,&#8221; Black explained in another post on X on Monday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The problem with the <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> community is the toxicity directed at anyone who is not bullish enough. Those of us who are long time TSLA bulls, who know instinctively when the stock is oversold and conversely when sentiment is too exuberant, get run out of town quickly for voicing…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1858590128068821031?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Tesla stock gained 5.6% on Monday to close at $338.74, but declined 1.35% in premarket trading on Tuesday. Year-to-date, the Tesla stock is up 36.4%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday" target="_blank" rel="noreferrer noopener">Elon Musk's SpaceX Delays Starship Test Flight, Next Attempt Now Set For Tuesday</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

FFND

NFLX

TSLA

Tesla Is Back In The Future Fund Active ETF's Top 5 Holdings

Scotiabank analyst Allan Verkhovski initiates coverage on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Sector Outperform rating and announces Price Target of $425.

Initiation

Scotiabank Initiates Coverage On Salesforce with Sector Outperform Rating, Announces Price Target of $425

Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google announced its AI assistant Gemini is now available for download on Apple, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone <a href="https://www.benzinga.com/tech/24/11/41891904/googles-standalone-gemini-app-for-iphone-spotted-with-live-activity-what-it-could-mean-for-your-ai-experience">as an app. </a>
The Details: Google said <a href="https://blog.google/products/gemini/gemini-iphone-app/">the dedicated</a> Gemini app is now available in the iOS App Store and highlighted the ability to have a "free-flowing conversation" with Gemini by clicking the Gemini Live button within the iPhone app.&nbsp;
Google touts the Gemini Live feature as ideal for brainstorming and creative thinking processes because users can interrupt Gemini to ask a question or to change the topic.&nbsp;
Read More:<a href="https://www.benzinga.com/markets/24/11/42006626/trump-media-insiders-sell-more-than-16-million-in-djt-stock"> Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Salesforce.com, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO Marc Benioff <a href="https://www.benzinga.com/tech/24/11/42030837/salesforce-ceo-marc-benioff-lauds-googles-truly-groundbreaking-gemini-ai-after-taking-jabs-at-microsofts-copilot">praised</a> Gemini Live's zero latency and labeled it the "future of consumer AI" in a social media post this weekend.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just downloaded Gemini Live, and I'm absolutely blown away. Speaking directly to AI with zero latency—this voice interaction is the future of consumer AI. Incredible work, <a href="https://twitter.com/sundarpichai?ref_src=twsrc%5Etfw">@sundarpichai</a>. Truly groundbreaking. Try it immediately: <a href="https://t.co/PysnzJsh7f">https://t.co/PysnzJsh7f</a>"
&mdash; Marc Benioff (@Benioff) <a href="https://twitter.com/Benioff/status/1858259054277415292?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bloomberg columnist Mark Gurman expects a Gemini <a href="https://www.benzinga.com/media/24/11/42030331/heres-when-google-gemini-could-be-integrated-with-apple-intelligence">integration to come</a> to Apple Intelligence sometime in 2025. However, it remains unclear whether this will occur in the spring iOS 18.4 release, or later in the year during the iOS 19 release cycle.&nbsp;
For now, iPhone users can use the Gemini app to chat using Gemini Live, create AI-generated images from text and connect to other Google apps like YouTube, Google Maps, Gmail and Calendar using Extensions. 
Google also highlighted the Gemini app as a tool for students who can upload images or text and have Gemini create a study guide or quiz from the material. Gemini can also provide custom, step-by-step guidance that adapts to the user&#8217;s learning style. 
The app is currently available in more than 10 languages, with additional languages coming soon.
GOOG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alphabet shares are up 0.96% at $175.56 at the time of publication Monday. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image: Shutterstock

Large Cap

Movers

Google's Gemini App Brings 'Free-Flowing' AI To Apple iPhone

Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce.
Looking at options history for Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $976,938 and 23, calls, for a total amount of $1,067,057.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $340.0 for Salesforce over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Salesforce's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Salesforce's whale trades within a strike price range from $200.0 to $340.0 in the last 30 days. 
<h3>Salesforce Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731946550_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$7.7</td>
<td>$6.9</td>
<td>$7.7</td>
<td>$330.00</td>
<td>$291.0K</td>
<td>511</td>
<td align="right">514</td>
</tr>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$7.8</td>
<td>$7.75</td>
<td>$7.8</td>
<td>$330.00</td>
<td>$87.3K</td>
<td>511</td>
<td align="right">120</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.95</td>
<td>$16.75</td>
<td>$16.75</td>
<td>$330.00</td>
<td>$83.7K</td>
<td>1.4K</td>
<td align="right">70</td>
</tr>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$28.55</td>
<td>$28.2</td>
<td>$28.2</td>
<td>$340.00</td>
<td>$76.1K</td>
<td>57</td>
<td align="right">30</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$107.3</td>
<td>$105.5</td>
<td>$107.17</td>
<td>$220.00</td>
<td>$74.9K</td>
<td>1.0K</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Salesforce</h3>
<ul>
<li>With a volume of 1,091,100, the price of CRM is down -0.47% at $323.72. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 15 days.</li>
</ul>
<h3>What The Experts Say On Salesforce</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $369.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Salesforce, which currently sits at a price target of $330. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $385. 
&#x2A; An analyst from Loop Capital has decided to maintain their Hold rating on Salesforce, which currently sits at a price target of $340. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Salesforce, targeting a price of $400. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Salesforce with a target price of $390. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Salesforce options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Salesforce's Options Market Dynamics

<a href="https://techcrunch.com/2024/11/18/twenty-is-building-an-open-source-alternative-to-salesforce/#:~:text=While%20Twenty%20doesn't%20have,and%2020%2C000%20stars%20on%20GitHub.">https://techcrunch.com/2024/11/18/twenty-is-building-an-open-source-alternative-to-salesforce/#:~:text=While%20Twenty%20doesn't%20have,and%2020%2C000%20stars%20on%20GitHub.</a>
&nbsp;
If a software product is successful enough, you'll probably be able to find a company building an open source alternative. And yet, nobody has created a modern open source CRM product that can be considered as a serious competitor to Salesforce.
That's exactly what <a href="https://twenty.com/">Twenty</a> is trying to achieve. For the past couple of years, the startup has been iterating on a brand-new CRM platform and making everything available <a href="https://github.com/twentyhq/twenty?tab=License-1-ov-file#readme">on GitHub</a> under a permissive AGPLv3 license.
While Twenty doesn't have all the features that you can find in Salesforce, the company is slowly building a community of CRM and open source enthusiasts around it with more than 300 contributors in the last year and 20,000 stars on GitHub.
The startup's three co-founders worked together on a previous startup called Luckey that was acquired by Airbnb. It was a sort of mini CRM for Airbnb guests and hosts, specifically designed for vacation rentals.
When it was time to leave and start a new startup, they looked at the tech industry and noticed a trend. For the past few years, there has been a wave of open source startups replicating popular software-as-a-service products with a community-oriented approach. <a href="https://baserow.io/">Baserow</a> is trying to replicate Airtable. <a href="https://documenso.com/">Documenso</a> is working on a DocuSign alternative. <a href="https://formbricks.com/">Formbricks</a> has released a Qualtrics competitor. And the list goes on.
"And I realized that CRM is the biggest software market overall, because it covers marketing, customer support, operations —&nbsp;a CRM does everything," Twenty co-founder and CEO Félix Malfait told TechCrunch.
Arguably, some companies have already tried to build an open source CRM and take on Salesforce, such as SugarCRM. While SugarCRM has been quite successful, SugarCRM never reached the success of Salesforce or HubSpot. The company also stopped releasing its Community Edition in 2018.

'Twenty Is Building An Open Source Alternative To Salesforce' - TechCrunch

Marc Benioff, the CEO of Salesforce.com Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), has given a ringing endorsement to Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google for its artificial intelligence voice assistant, Gemini Live.
What Happened: In a recent post on X, Benioff expressed his admiration for the AI tool, praising its zero latency and labeling it the &#8220;future of consumer AI.&#8221; He also commended Google CEO Sundar Pichai for the innovation.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just downloaded Gemini Live, and I'm absolutely blown away. Speaking directly to AI with zero latency—this voice interaction is the future of consumer AI. Incredible work, <a href="https://twitter.com/sundarpichai?ref_src=twsrc%5Etfw">@sundarpichai</a>. Truly groundbreaking. Try it immediately: <a href="https://t.co/PysnzJsh7f">https://t.co/PysnzJsh7f</a>"
&mdash; Marc Benioff (@Benioff) <a href="https://twitter.com/Benioff/status/1858259054277415292?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Benioff&#8217;s positive review of Gemini Live comes in the <a href="https://www.benzinga.com/markets/equities/24/10/41538144/marc-benioff-warns-microsofts-copilot-spills-corporate-data-emphasizes-security-gaps-ahead-of-sa">wake of his public criticism</a> of Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) AI assistant, Copilot, which he has previously described as &#8220;disappointing.&#8221;
Google launched the smartphone app for Gemini Live on Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store just a few months after making the virtual assistant free for users. The app allows users to interact with an AI chatbot through natural conversation.
See Also: <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">Nvidia&#8217;s Blackwell Chips Are Extra Toasty, Server Overheating Issues Impact Meta, Microsoft And Elon Musk&#8217;s xAI</a>
Why It Matters: Benioff&#8217;s endorsement of Gemini Live is significant in the context of the ongoing AI race among tech giants. This development underscores the growing importance of AI in consumer and business applications, as well as the increasing competition among companies to develop cutting-edge AI tools.
On Sunday, Elon Musk predicted that AI would <a href="https://www.benzinga.com/tech/24/11/42029736/elon-musk-says-ai-will-surpass-doctors-lawyers-after-chatgpt-tops-medical-diagnoses-humans-becoming-biological-backups">surpass doctors and lawyers</a> after a study revealed that OpenAI&#8216;s ChatGPT-4 outperformed medical professionals in diagnosing illnesses. This further emphasizes the rapid advancements in AI technology and its potential to revolutionize various industries.
Meanwhile, OpenAI is set to launch a new AI agent, codenamed &#8220;Operator,&#8221; in January. This development adds another layer to the AI competition, as companies continue to push the <a href="https://www.benzinga.com/media/24/11/41964846/openais-operator-ai-agent-will-perform-tasks-like-coding-travel-booking-and-more-launch-expected-in-january-next-year-report">boundaries of AI capabilities</a>.
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Photo courtesy: Google
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Salesforce CEO Marc Benioff Lauds Google's 'Truly Groundbreaking' Gemini AI After Taking Jabs At Microsoft's Copilot

Salesforce Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)&nbsp;AI&nbsp;head, Clara Shih, has departed to pursue another opportunity, the Information <a target="_blank" href="https://www.theinformation.com/briefings/salesforces-top-ai-executive-shih-departs" rel="noreferrer noopener">cited</a> a report from JMP Securities analyst Patrick Walravens.
The departure coincides with Salesforce&#8217;s Agentforce&nbsp;gaining traction, with Northland Capital Partners comparing it with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Jim Cramer, host of CNBC&#8217;s &#8220;Mad Money,&#8221; held the platform responsible for the company&#8217;s current upside.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41981957/meta-hit-with-841-million-eu-fine-over-antitrust-violations-tied-to-facebook-marketplace" rel="noreferrer noopener">Meta Hit With $841 Million EU Fine Over Antitrust Violations Tied To Facebook Marketplace</a>
Salesforce CEO Marc Benioff aims to <a target="_blank" href="https://www.benzinga.com/news/management/24/11/41978942/salesforce-ceo-marc-benioff-bets-big-on-billion-bots" rel="noreferrer noopener">revolutionize enterprise software</a> by deploying AI agents to handle tasks autonomously, reducing human workloads.
Benioff targets the rollout of a billion AI agents within a year, highlighting strong market demand and scalability.
He believes Salesforce&#8217;s secure data infrastructure will offer a competitive edge, delivering more reliable AI insights.
Salesforce already leverages these AI tools internally across customer service and sales to boost productivity.
Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also noted the departure of their AI leaders this year.
AMD&#8217;s AI leader, Victor Peng, <a target="_blank" href="https://www.benzinga.com/news/24/07/39913590/amds-president-and-ai-strategy-head-victor-peng-to-retire-vamsi-boppana-to-step-up" rel="noreferrer noopener">retired on August 30, 2024</a>. Vamsi Boppana, SVP of the AI Group, took over the AMD Instinct data center AI accelerator business, enhancing his current role.
In May, Tesla AI Manager Paril Jain left the EV company for his <a target="_blank" href="https://www.benzinga.com/news/24/05/38864517/tesla-ai-manager-who-resigned-doesnt-see-ceo-elon-musks-capacity-eroding-to-retain-talent-amid-layof" rel="noreferrer noopener">co-founded robotics company</a>, The Bot Company.
Salesforce&nbsp;stock surged over 29% year-to-date. The company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40612926/salesforce-q2-earnings-revenue-beat-eps-beat-reimagining-enterprise-software-with-ai-cfo-transition" rel="noreferrer noopener">second-quarter revenue</a> of $9.33 billion, up 8%, beating the analyst estimate of $9.23 billion. It expects third-quarter revenue of $9.31 billion-$9.36 billion versus a consensus of $9.35 billion.
Price Action: CRM stock is down 1.23% at $327.5 premarket at the last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/tech/24/11/41978712/asml-projects-revenue-surge-to-63-billion-by-2030-eyes-ai-and-chip-market-boom" target="_blank" rel="noreferrer noopener">ASML Projects Revenue Surge to $63 Billion by 2030, Eyes AI and Chip Market Boom</a></li>
</ul>
Photo by NYCStock via Shutterstock

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