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Salesforce Shares Rise as Snowflake AI Outlook Drives Growth

Salesforce logoSalesforce
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Snowflake logoSnowflake
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Salesforce shares rose to $264 on Thursday as Snowflake’s stronger outlook boosted software sentiment. Snowflake reported quarterly product revenue up 37%, with artificial intelligence accounting for roughly half of the recent growth acceleration. Salesforce also posted second-quarter revenue up 11% to $11.3 billion, with remaining performance obligations up 14% to $33.5 billion and Agentforce plus Data 360 nearing $3.9 billion ARR.

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