Bearish AI Fears Crushed as Salesforce and Nvidia Report Strong Earnings

Salesforce and Nvidia have shattered bearish predictions about AI disrupting their businesses.

The two tech giants reported strong earnings that exceeded expectations, sending their stocks soaring.

Salesforce's revenue and earnings beat estimates, driven by a 240% year-over-year increase in annual recurring revenue from its AI software platform Agentforce.

Nvidia forecasted a 70% revenue growth next year, far above expectations, easing fears that AI would reduce demand for their products.