Salesforce Stock Might Not Be an AI Loser After All
- Joseph K
- Mar 6
- 1 min read
Business customers have been slow to adopt artificial-intelligence tools in a systematic way, but some of that conservatism is beginning to fade. At Salesforce —one of the few software companies willing to open up about its AI business—core AI revenue is small but rising quickly.
Salesforce’s AI momentum could come as a surprise to investors, who have been dumping software stocks for much of the year. The iShares Expanded Tech-Software Sector exchange-traded fund is down 17% on the year. A narrative has arisen that AI will badly disrupt software, and that some of these companies, even ones that are thriving now, won’t make it out alive.
Comments