US100 gains 0.7%????Salesforce up 8% thanks to optimism around Agentforce AI ????

US stock market sentiment remains decidedly positive. Although the financial, banking and energy sectors are struggling, technology companies are driving U.S. indexes higher. The Nasdaq100 (US100) contract reaches historic levels, crossing 21,500 points. The US dollar loses 0.2% after ISM services below expectations; the USDIDX index fell to 106.1.

• Wall Street opened higher and the American indices are progressing; the US100 stands out with a gain of more than 0.7%, supported by a rebound of almost 3% in the shares of Nvidia (NVDA.US), whose stock has already gained 8% since November 27. Amazon (AMZN.US) is up nearly 2.5%.
• Shares of Salesforce (CRM.US) are rising after institutional guidance, reacting to the company’s upward revision to forecasts and early reports of the successful deployment of the company’s AI agent, Agentforce.
• ServiceNow and other software companies, such as Fortinet, Adobe and Intuit, are also seeing strong gains. On the other hand, shares of chemical, lithium and battery company Albemarle (ALB.US) are down.
• The US Services ISM for November came in below forecasts, with a rising price component, but markets view this reading as ‘dovish’; 10-year Treasury yields fall 2 basis points below 4.2%, putting pressure on the dollar.

Today, the software and semiconductor industries are clearly rebounding; the technology sector supports Wall Street. Interestingly, a survey conducted by Salesforce found considerable optimism around AI solutions among small and medium-sized businesses, who largely attribute their increased profits to this new technology. Source: xStation5

US100, interval D1

On the hourly time frame, we observe a clear predominance of buying volumes over the last few sessions in the United States. The US100 is after the 1:1 corrections and is trading at the upper part of the bullish price channel.

Source: xStation5

Salesforce in the spotlight for its trend towards generative AI?

The company has been called “the best way to invest in AI” thanks to its Customer 360 platform and customer base. A new set of autonomous AI agents, available since October 25, has attracted great interest from companies. The share price of Salesforce (CRM.US) has increased by approximately 30% since September’s Dreamforce event. According to the company, “The development of autonomous AI agents is revolutionizing the global labor market, changing the way industries operate and grow. »

• Stifel analysts called Salesforce “the best way to invest in AI” because of its multi-cloud customer base and its ability to “increase market penetration” through its Customer 360 platform. They said highlighted that Salesforce only has a 15% market share, leaving considerable growth potential. Bank of America has also noted significant interest in Agentforce AI.
• In the third quarter of the year, the company’s revenue increased 8% from a year earlier, reaching $9.44 billion, compared with a 25% rise in earnings per share, which is $1.58, up from $1.25 in the third quarter of 2023. Salesforce raised the lower end of its full-year profit forecast, estimating sales between 37.8 and 38 billion dollars, compared to 37 to 38 billion previously, and earnings per share of between 6.16 and 6.20 USD, compared to 6.05 to 6.13 USD previously. Wall Street forecasts revenue of $37.87 billion and earnings per share of $6.16; Quietly, investors hope that Salesforce will exceed these results.

Salesforce, stocks (CRM.US), interval D1

The stock today reached new all-time highs and has gained nearly 40% since the start of the year.

Source: xStation5