Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
ServiceNow NOW shares have returned 6.4% in the past month, outperforming the Zacks Computer & Technology sector and the Zacks Computers – IT Services industry. While the sector has dropped 2.6%, the industry has returned 5.4% over the same time frame.
ServiceNow has been benefiting from strong expansion in clientele as enterprises undergoing digital transformation continue to adopt its workflow solutions. NOW’s growing Generative AI prowess and strong partner base are driving prospects.
Year to date, ServiceNow shares have returned 25.4%, and the momentum is expected to continue in the second half of 2024.
NOW shares are trading above the 50-day and 200-day moving averages, indicating a bullish trend.
NOW Trades Above 50-day and 200-day SMA
Let’s dig deeper to find out the factors driving NOW’s prospects.
Year-to-Date Performance
NOW’s Q3 & 2024 Guidance Encouraging
ServiceNow expects third-quarter 2024 subscription revenues between $2.66 billion and $2.67 billion, suggesting an improvement in the range of 20-20.5% year over year on a GAAP basis. At constant currency, subscription revenues are expected to grow 20.5%.
ServiceNow expects the non-GAAP operating margin to be 29.5% in the current quarter.
For 2024, NOW expects subscription revenues to be $10.575-$10.585 billion, which suggests a rise of 22% from 2023, both on a GAAP and non-GAAP basis.
ServiceNow expects the non-GAAP subscription gross margin to be 84.5% and the non-GAAP operating margin to be 29.5% (up from the previous guidance of 29%).
NOW’s Earnings Estimate Revision Shows Upward Movement
The Zacks Consensus Estimate for 2024 earnings is pegged at $13.75 per share, up 1.8% over the past 60 days, indicating a 27.55% year-over-year increase.
The consensus mark for third-quarter 2024 earnings is pegged at $3.46 per share, up a couple of cents over the past 60 days, indicating an 18.49% year-over-year increase.
ServiceNow, Inc. Price and Consensus
ServiceNow, Inc. price-consensus-chart | ServiceNow, Inc. Quote
The Zacks Consensus Estimate for third-quarter revenues is pegged at $2.74 billion, indicating year-over-year growth of 19.78%. The consensus mark for 2024 revenues is pegged at $10.9 billion, suggesting growth of 21.51% over the 2023 reported figure.
Strong Portfolio & Partner Base Aids NOW’s Prospects
ServiceNow is extensively leveraging AI and machine learning technologies to boost the potency of its solutions. NOW’s expanding GenAI capabilities are noteworthy, as its total addressable market is expected to hit $275 billion in 2026.
ServiceNow’s latest update, Xanadu, offers AI-powered, purpose-built industry solutions for domains including telecom, media, and technology, financial services and the public sector.
The Xanadu update adds new AI capabilities to boost customer agility, enhance productivity and improve employee experiences. It expands the GenAI portfolio to enterprise functions, including Security as well as Sourcing & Procurement Operations.
NOW plans to integrate Agentic AI into the ServiceNow platform and unlock 24/7 productivity at a massive scale. This service will be available this November for Customer Service Management AI Agents and IT Service Management AI Agents. It is expected to reduce the time taken to resolve an issue and make live agents more productive.
A strong partner base that includes the likes of Visa, Microsoft MSFT, NVIDIA NVDA, International Business Machines IBM, Genesys, Fujitsu, Equinix, Boomi and Infosys is strengthening NOW’s AI capabilities.
The much anticipated Now Assist integration with Microsoft Copilot for Microsoft 365 is now generally available.
Strong Liquidity Makes NOW Stock Attractive
A strong liquidity position with a cash balance of $5.41 billion as of June 30, 2024, is noteworthy. ServiceNow generated a free cash flow of $359 million in the second quarter of 2024.
NOW expects the free cash flow margin to be 31% for 2024.
The strong liquidity position allows NOW to pursue various growth opportunities, including acquisitions. ServiceNow completed the acquisition of Raytion to enhance GenAI-powered search and knowledge management capabilities on the Now Platform.
NOW’s Strong Prospects Justifies Premium Valuation
However, NOW stock is not so cheap, as the Value Score of D suggests a stretched valuation at this moment.
In terms of the forward 12-month Price/Sales ratio, NOW is trading at 14.61X, higher than its median of 13.34X and the Zacks Computer & Technology sector’s 6.14X.
Price/Sales Ratio (F12M)
Nevertheless, we believe the strong growth prospect justifies ServiceNow’s premium valuation.
Conclusion
ServiceNow’s robust GenAI portfolio and strong partner base are expected to drive its clientele, thereby boosting subscription revenues. The Growth Score of B makes the stock attractive for growth-oriented investors.
ServiceNow currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
Taiwan Semiconductor Manufacturing Co is manufacturing Apple Inc’s A16 SoC at Phase 1 of the Taiwanese contract chipmaker’s Fab 21 in Arizona.
The chip made with Taiwan Semiconductor’s 5nm family, N4, debuted in 2022 with the iPhone 14 Pro. In 2024, Taiwan Semiconductor’s board approved a fresh capital infusion of up to $7.5 billion into Taiwan Semiconductor Arizona.
Per a Tim Culpan report, Taiwan Semiconductor proposes ramping up volume production upon completing the second stage of the Phase 1 fab.
Recent reports indicate that the Arizona facility’s production yield is at par with its Taiwan facilities.
The Apple chipmaking update coincides with Apple’s market share loss in its crucial market, China. The iPhonemaker’s market share in China dropped to 14% in the second quarter of 2024, down by two percentage points year-on-year. Additionally, Huawei Technologies Co targeted Apple’s premium smartphone market share by announcing the launch of the tri-fold smartphone Mate X shortly after the launch of the iPhone 16 series. Apple stock gained 22% in the last 12 months.
Meanwhile, things are relatively hunky-dory for Taiwan Semiconductor as the smartphone market recovery and continued demand for Nvidia Corp AI chips play out as growth catalysts.
Recent reports indicated that Taiwan Semiconductor might bag Alphabet Inc Google’s smartphone chip deal involving Pixel 10 and Pixel 11 chips as Samsung Electronics owned Samsung Foundry failed to deliver.
Price Actions: Apple stock is up 1.4% at $219.88 at last check Wednesday. Taiwan Semiconductor is up 0.23% at $167.74; It’s up 89% in the last 12 months.
Now Read:
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Courtesy of a software-driven, data-centric approach that helps customers build their cloud architecture, Arista Networks, Inc. ANET has surged 95.3% over the past year compared with the industry’s growth of 69.5%. It has also outperformed its peers like Juniper Networks, Inc. JNPR and Cisco Systems, Inc. CSCO over this period.
Arista continues to benefit from strong momentum and diversification across its top verticals and product lines with an improved market demand supported by a flexible business model and solid cash flow. As more and more business enterprises transition to the cloud, the company is well-poised for growth in data-driven cloud networking business with proactive platforms and predictive operations.
One-Year Price Performance
ANET Solutions Gaining Solid Market Traction
Arista holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200-and-400-gig high-performance switching products.
Additionally, Arista offers one of the broadest product lines of data center and campus Ethernet switches and routers in the industry. It provides routing and switching platforms with industry-leading capacity, low latency, port density and power efficiency. The company also innovates in areas such as deep packet buffers, embedded optics and reversible cooling.
Arista is witnessing solid demand trends among enterprise customers backed by its multi-domain modern software approach, which is built upon its unique and differentiating foundation, the single EOS (Extensible Operating System) and CloudVision stack. The versatility of Arista’s unified software stack across various use cases, including WAN routing and campus and data center infrastructure, sets it apart from other competitors in the industry. This, in turn, has translated into solid revenue growth for the company over the years.
Cloud-Native Cognitive Software: ANET’s Key Focus
Arista continues benefiting from the expanding cloud networking market, driven by strong demand for scalable infrastructure. In addition to high capacity and easy availability, its cloud networking solutions promise predictable performance and programmability, enabling integration with third-party applications for network management, automation and orchestration.
With customers deploying transformative cloud networking solutions, the company has announced several additions to its multi-cloud and cloud-native software product family with CloudEOS Edge. It has introduced cognitive Wi-Fi software that delivers intelligent application identification, automated troubleshooting and location services. This supports video conferencing applications like Microsoft Teams and Zoom.
ANET Launches EOS Smart AI Suite
Arista recently launched Etherlink AI platforms for optimal network performance across the most demanding AI workloads, including training and inferencing. Powered by new AI-optimized Arista EOS features, the new product portfolio can support more than 100,000 XPUs with 2-tier network topologies. This delivers superior application performance compared to more complex multi-tier networks while offering advanced monitoring capabilities, including flow-level visibility.
In addition, the company aims to provide the ideal accelerator-agnostic solution for AI clusters of any shape or size, providing flexible options for fixed, modular and distributed switching platforms. The EOS Smart AI suite will enable customers to have a single 800G end-to-end technology platform across front-end, training, inference and storage networks with AI-grade robustness and protection to high-value AI clusters and workloads.
In collaboration with NVIDIA Corporation NVDA, Arista aims to build optimal generative AI networks with lower job completion times that customers can easily configure and manage. The Arista EOS-based agent enables the network and the host to communicate with each other, facilitating a single point of control and visibility across an AI Data Center. This remote AI agent, hosted directly on an NVIDIA BlueField-3 SuperNIC or running on the server and collecting telemetry from the SuperNIC, allows EOS to configure, monitor and debug network problems on the server, ensuring end-to-end AI communication and optimization.
Estimate Revision Trend of ANET
Earnings estimates for Arista for 2024 have moved up 23.4% to $8.24 over the past year, while the same for 2025 has increased 22.4% to $9.24. The positive estimate revision depicts optimism about the stock’s growth potential.
End Note
With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Arista appears to be a solid investment proposition. Further, a strong emphasis on quality, diligent execution of operational plans and continuous portfolio enhancements are driving more value for customers. Steady improvement in lead times and easing of supply-chain woes are major tailwinds.
The stock delivered a trailing four-quarter average earnings surprise of 15%. Arista currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
Zacks Investment Research
Microsoft and BlackRock are two of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The companies are launching an artificial intelligence fund worth around $30 billion to build data centers and energy projects. Dow Jones & Co. owns Factiva. (colin.kellaher@wsj.com)
The crypto market has been struggling to stage a rebound. However, the enthusiasm surrounding rate cuts saw Bitcoin (BTC), the world’s most popular cryptocurrency, surging above $60,000 for the first time since last month.
Several factors have posed headwinds for Bitcoin over the past few months but market experts believe a rate cut will help the cryptocurrency resume its rally. Given this scenario, it would be ideal to adopt the buy-the-dip approach. Four such Bitcoin-centric stocks with upside are Interactive Brokers Group, Inc. IBKR, Robinhood Markets, Inc. HOOD, CME Group Inc.’s CME, BlackRock, Inc. BLK and NVIDIA Corporation NVDA.
Bitcoin Surges on Rate Cut Hopes
On Tuesday, Bitcoin was trading at $60,477.98 after hitting an intra-day high of $61,337. The surge came as the Federal Reserve began its two-day FOMC meeting, with expectations high that a rate cut will be announced on Wednesday.
Bitcoin has been rangebound since April, with even the halving event failing to boost its price. Halving, which typically cuts the reward for mining new Bitcoin blocks by 50% to limit the total supply to 21 million, generally boosts demand and prices. However, Bitcoin's value dropped notably after the recent halving.
In early August, a broader market bloodbath saw Bitcoin’s price fall below $55,000. The cryptocurrency has since been trying to rebound.
Rate Cut to Boost Crypto-Centric Stocks
Soft August jobs data and a marginal rise in monthly inflation have somewhat dampened hopes of a 50-basis point rate cut by the Federal Reserve. The CME FedWatch tool presently shows a 63% possibility of a 25-basis point cut this week, while a 37% probability of a 50-basis point cut.
Bitcoin had a solid 2023 and despite its recent decline, has gained 43% year to date. It hit an all-time high of $73,750 on March 14.
A rate cut is likely to help Bitcoin and other cryptocurrencies. A rate cut of any size bodes well for growth assets like cryptocurrencies as they reduce the opportunity cost of holding assets that don’t provide yields. In a low-interest-rate environment, investors are more inclined to go for assets with higher potential returns, even if they involve greater risk.
Five Crypto-Centric Stocks to Gain
We have narrowed our search to five crypto-oriented stocks that have strong potential for 2024. Each of our picks carries either a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Interactive Brokers Group, Inc.
Interactive Brokers Group, Inc. is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKR’s commodities futures trading desk also offers customers a chance to trade cryptocurrency futures.
Interactive Brokers Group has an expected earnings growth rate of 18.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 60 days. IBKR currently carries a Zacks Rank #2.
Robinhood Markets, Inc.
Robinhood Markets, Inc. operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform.
Robinhood Markets’ expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 38.2% over the last 60 days. Robinhood Markets currently carries a Zacks Rank #2.
CME Group Inc.
CME Group Inc.’s options give the buyer of the call/put the right to buy/sell cryptocurrency futures contracts at a specific price at some future date. CME offers Bitcoin and ether options based on the exchange's cash-settled standard and micro-Bitcoin and Ethereum futures contracts.
CME Group’s expected earnings growth rate for the current year is 6.4%. The Zacks Consensus Estimate for current-year earnings has improved 1.5% over the last 60 days. CME presently has a Zacks Rank #3.
BlackRock, Inc.
BlackRock, Inc. is one of the world’s largest investment managers and is publicly owned. BLK was one of the first companies from the traditional market to join the Bitcoin ETF race back in June 2023.
BlackRock’s expected earnings growth rate for the current year is 9.5%. The Zacks Consensus Estimate for current-year earnings has improved 10.3% over the last 60 days. BlackRock currently carries a Zacks Rank #3.
NVIDIA Corporation
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, NVDA’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.
NVIDIA has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.1% over the last 60 days. NVDA presently carries a Zacks Rank #3.
Zacks Investment Research
- UNDP and IBM developed two new interactive models for UNDP's Data Futures Exchange's GeoHub: the AI model Electricity Access Forecasting and the statistical geospatial model Clean Energy Equity Index.
-The organizations collaborated through the IBM Sustainability Accelerator program using technologies such as IBM watsonx, IBM Cloud and IBM Environmental Intelligence.
-The new models will be made available for free to the general public through UNDP's GeoHub dashboards, helping users access data and insights to interpret complex clean energy challenges and opportunities.
ARMONK, NY / ACCESSWIRE / September 18, 2024 / IBM (NYSE:IBM) and United Nations Development Programme (UNDP) today launched new interactive models on energy within UNDP's global GeoHub platform. These innovative solutions use technologies such as the IBM watsonx AI and data platform to enable users - from policymakers at the national and community level to the general public - to analyze complex energy issues through advanced artificial intelligence (AI) technology and access a wide range of resources, helping support data-driven decision-making toward a just energy transition.
"Bringing together UNDP's knowledge and global leadership in sustainable development and IBM's breakthrough innovations in AI and hybrid cloud, we are proud to unveil solutions that demonstrate the power of technology to make a lasting, positive impact on our environment and in our communities," said Justina Nixon-Saintil, IBM Vice President and Chief Impact Officer. "By making innovative models freely accessible to the public, we aim to empower leaders, organizations and community members alike with the insights to make impactful energy decisions around the world."
As part of UNDP's Data Futures Exchange (DFx), GeoHub is a centralized ecosystem of geospatial data and services. It provides a platform to easily upload, visualize and analyze datasets, combining time-oriented and geographic data with satellite imagery. GeoHub supports a granular, localized, and evidence-based approach to development challenges and integrated policy making- from determining subnational distribution of electricity access, to assessing levels of vulnerability to the effects of climate change for communities over time.
"UNDP's innovative collaboration with IBM helps countries leverage development data and technology innovation to improve lives and protect the planet. The solutions we've co-created provide a credible evidence base to help countries make meaningful and practical progress towards a just energy transition. Net-zero investment and people-centered development strategies are fundamental to accelerate the SDGs," said Laurel Patterson, Head of the UNDP SDG Integration Team, UNDP Bureau for Policy and Programme Support.
UNDP and IBM worked together over two years through the IBM Sustainability Accelerator program. This project started with a collaborative engagement through the IBM Garage, and resulted in the enhancement of UNDP's GeoHub with two innovative models: the AI model Electricity Access Forecasting and the statistical geospatial model Clean Energy Equity Index.
The Electricity Access Forecasting AI model uses the IBM watsonx AI and data platform, IBM Cloud, and an open-source machine learning library to provide future forecasts at scale of electricity access through 2030 by evaluating a set of factors including population, infrastructure, urbanization, elevation, and satellite data in addition to land use data provided by IBM Environmental Intelligence. By modeling these factors to make a future forecast, the Electricity Access Forecasting model provides a distinct advantage compared to more commonly available, current-day estimates of electricity access. The model will contain data from 102 countries across the Global South, including in Africa, Asia Pacific, Latin America and the Middle East.
The Clean Energy Equity Index, developed by IBM and UNDP together with Stony Brook University, is a first-of-its-kind statistical geospatial model combining geospatial analytics with environmental, economic and social factors - such as education, greenhouse gas emissions, and relative wealth - to generate a Clean Energy Equity score of 0-1. This score reflects both opportunities for clean energy development as well as urgency, through the lens of equity and a just transition. In this dashboard, GeoHub users can also individually view and customize each environmental, economic, or social factor analyzed in the model, to evaluate which factors have the greatest impact on equitable access to clean energy, empowering better decision making. The model will provide data from 53 African countries.
Historically, advanced models like these have not always been freely accessible and applicable to all users. Together, IBM and UNDP set out to co-create solutions that would strengthen free public access to complex clean energy information and advanced technology, while simultaneously providing essential energy resources for policymakers, governments, journalists and decision makers.
About the IBM Sustainability Accelerator Launched in 2022, the IBM Sustainability Accelerator is a social impact program that addresses environmental threats impacting vulnerable communities around the world. Each year, the program selects about five projects to scale technology and AI solutions within a new sustainability topic area. To date, the IBM Sustainability Accelerator has supported 15 global projects across three active cohorts, focused on sustainable agriculture, clean energy and water management. For more information: https://www.ibm.com/impact/initiatives/ibm-sustainability-accelerator/
About United Nations Development Programme UNDP works in about 170 countries and territories, helping to eradicate poverty, reduce inequalities and exclusion, and build resilience so countries can sustain progress. As the UN's development agency, UNDP plays a critical role in helping countries achieve the Sustainable Development Goals.
Media Contact: Carmen San Segundo IBM Global Communications Director, ESG and CSRcarmenssg@ibm.com
SOURCE IBM
View additional multimedia and more ESG storytelling from IBM on 3blmedia.com.
Contact Info: Spokesperson: IBM Website: https://www.3blmedia.com/profiles/ibm Email: info@3blmedia.com
SOURCE: IBM
View the original press release on accesswire.comSalesforce Inc shares are trading slightly higher Wednesday. The company announced a collaboration with NVIDIA Corp to advance AI agent innovation.
What Happened: Salesforce and Nvidia announced a collaboration to develop AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
The two companies plan to work together to deliver optimized predictive and generative AI workflows by combining the capabilities of Nvidia’s AI platform with the Salesforce platform and Agentforce.
“Together with NVIDIA, we’re leading the third wave of the AI revolution — moving beyond copilots to humans and intelligent agents working seamlessly to drive customer success,” said Marc Benioff, chair and CEO of Salesforce.
“This is what AI is meant to be — powered by the Salesforce Platform and Agentforce, every Trailblazer can harness AI to its fullest potential. By combining NVIDIA’s AI platform with Agentforce, we’re supercharging AI performance and creating dynamic digital avatars, delivering more engaging, intelligent, and immersive customer experiences than ever before.”
Don’t Miss: Google Wins $1.7B EU Antitrust Fine Appeal Over 5-Year-Old Online Search Advertising Case
As a result of the collaboration, organizations will gain access to next-generation AI, Salesforce customers will see accelerated value from AI investments and businesses will be able to improve productivity and effectiveness of interactions across industries.
Use cases for AI agents include crisis management, real-time weather impact for travel and logistics and real-time customer support resolutions. Use cases for AI-powered avatars include real-time sales coaching feedback, live event management and employee training assistance.
“In the future, every company, every job will be enhanced by a wide range of AI agents – assistants that will transform how we work,” said Jensen Huang, CEO of Nvidia.
CRM Price Action: Salesforce shares were up 0.83% at $257.30 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Salesforce.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.