10 AI News Making Waves Today

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1. Salesforce Inc (NYSE:CRM)

Market Capitalization: $311.23 billion

Salesforce Inc (NYSE:CRM) offers a cloud-based CRM software. The company has become an exciting AI stock after the recent launch of Agentforce.

On November 15, Mizuho kept an “Outperform” rating on Salesforce Inc (NYSE:CRM) and raised the price target on the shares to $370 from $300. Analysts led by Gregg Moskowitz note checks on the company have been generally good for the quarter, and even though net new business remains soft, the company drove strong renewal business. They also believe that Salesforce will report strong fiscal third-quarter growth, adjusted for currency changes. Nevertheless, the focus will likely be less on the quarter and more on Agentforce, the company’s recently launched AI-powered platform. Since September, Salesforce stock has surged 32% with Agentforce being the key catalyst for the surge.

While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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