Salesforce Unveils AIforce at Dreamforce as Shares Slip 1.4%

Product / TechPrice Action
โดย GuruFocus·US·Read original
Summary · why it matters

Salesforce pushed deeper into the AI stack at Dreamforce by creating a bridge between its business data and outside AI models, a move that sent shares down approximately 1.4% to $252.10 Wednesday. The offering, AIforce, connects Salesforce data, applications and autonomous agents with platforms including Slack and Anthropic's Claude, while the company also introduced Koa, a model built with Nvidia's Nemotron technology and Salesforce's massive store of CRM data. Salesforce is leaning harder into consumption-based pricing, meaning revenue growth increasingly depends on how much customers actually use these AI tools rather than how many software seats they purchase. Agentforce annual recurring revenue has already topped $1.5 billion, equivalent to roughly 3.2% of the midpoint of Salesforce's $46.25 billion fiscal-year revenue guidance, and adding Data 360 lifts that comparison to about 8.4%. At $252.10, the stock sits 26.52% below the $343.08 GF Value estimate, a gap that will depend on Salesforce proving easier AI distribution can translate into durable consumption growth without sacrificing its projected 20.1% GAAP operating margin.

Impact on stocks 3

Artificial Intelligence▲ · 3 stocks
Salesforce.com Inc
CRM
± MixedTechnologyPricingrelevance

Salesforce unveiled AIforce connecting its data to outside AI models and introduced Koa built with Nvidia's Nemotron, though shares slipped 1.4%.

NVIDIA Corporation
NVDA
▲ PositiveTechnologyrelevance

Salesforce's new Koa model was built with Nvidia's Nemotron technology, highlighting Nvidia's role in the AI stack.

Theme Impact 5

Off-coverage companies 1

AnthropicPrivate▲ Positive
Technologyrelevance

Salesforce's AIforce connects its platforms with Anthropic's Claude, giving Anthropic distribution through Salesforce's ecosystem.

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