NVIDIA Boosts Tech Sector as Salesforce Stock Surges 23% on Strong Earnings Outlook

The tech sector experienced a surge in growth on August 27, 2026, thanks to NVIDIA's optimistic earnings forecast. The company projected a remarkable 70% revenue growth for fiscal year 2028, which sent shockwaves of positivity throughout the industry.

Salesforce Inc. (CRM) was one of the biggest beneficiaries of this trend, with its stock price rising by 23%. This increase can be attributed to the company's robust revenue projections and an enhanced partnership with Anthropic PBC. As a result, CRM closed at $252.05.

According to GuruFocus, Salesforce is currently undervalued by 24.5%, with a GF Value of $333.76 compared to its current price. This suggests that the stock may be trading below its intrinsic value and presents an intriguing opportunity for investors.