15 AI News That Broke The Internet

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2. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

On November 25, Wedbush raised the firm’s price target on Salesforce Inc (NYSE:CRM) to $375 from $325 and kept an “Outperform” rating on the shares. Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained traction after the launch of its AI-powered platform called Agentforce. The analyst affirms that it’s time for the broader software sector to join in on the AI party, expressing bullish sentiments about the software sector’s role in the upcoming phase of the artificial intelligence (AI) revolution. The anticipated adoption of large language models and generative AI by 2025 is the major force behind their optimism. This shift is expected to significantly boost enterprise consumption of AI technologies.

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