Salesforce Stock Rises on Raised Revenue Forecast and AI Push

Salesforce stock has risen after the company announced it expects to reach $63 billion in revenue by fiscal 2030, surpassing analysts' estimates of $59.2 billion.

The prediction came at a pivotal moment for Salesforce, which had faced pressure from fears that AI would reduce demand for traditional business software.

Last month's earnings report beat expectations and included a $2.6 billion gain tied to the company's investment in Anthropic.

Salesforce also introduced Claudeforce, a new tool that lets businesses work with their Salesforce data inside Anthropic's Claude, and Koa, an AI reasoning model built on Nvidia technology.