Oracle and Salesforce Bet Big on AI as Enterprise Stocks Stumble
Enterprise AI stocks have been underwhelming investors over the past year, but Oracle and Salesforce are adapting to the shift by integrating artificial intelligence into their software.
Oracle's cloud infrastructure sales more than doubled in its first quarter of fiscal 2027, with a $7.4 billion revenue from computing contracts with OpenAI, Meta, Nvidia, and others.
Salesforce is transforming its customer relationship management (CRM) software by implementing AI services and integrations, including a partnership with Alphabet to integrate its Gemini AI model into its software.
Despite Oracle's progress in renting out computing power for AI needs, the company is spending heavily on its transition to AI, which has raised concerns among investors about whether it will be worth the costs.