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AI Monetization Gathers Momentum: Salesforce and Marvell Surpass Estimates

Stock SpotlightWednesday, Dec 4, 2024 8:30 am ET

1min read

In a clear sign of AI's growing impact on corporate earnings, both Salesforce and Marvell Technology reported impressive results that exceeded expectations, driven by the increasing demand for artificial intelligence solutions.

Salesforce Surges on AI Strategy

Salesforce's third-quarter earnings showed impressive growth, with both sales and adjusted operating margin beating analyst estimates. Shares jumped nearly 13% in premarket trading. The company's success is largely attributed to its AI strategy, particularly the launch of its AI tool, Agentforce. Designed to automate tasks such as customer support and sales development, Agentforce has already secured numerous deals. CEO Marc Benioff, expressing confidence in the tool's potential, revealed plans to hire 1,000 new employees to focus on selling Agentforce.

Benioff described the quarter's results as fantastic but emphasized that the real excitement lies in the technology's future growth.

Marvell Technology Rides AI Wave

Shares of Marvell Technology soared more than 10% after the company reported better-than-expected results for Q3 and issued a positive earnings forecast. The chipmaker attributed its strong performance to the rising demand for artificial intelligence computing.

CEO Matt Murphy highlighted the company's custom AI silicon programs, which are now in full production and driving growth. Marvell, which provides AI accelerators and other essential components for cloud-computing services, stands to benefit significantly from the growing AI boom, despite not yet reaching the sales highs of competitors like Nvidia.

Conclusion

Both Salesforce and Marvell have demonstrated the transformative power of AI in driving business growth. Salesforce's successful launch of Agentforce and Marvell's focus on AI hardware for cloud services position both companies to capitalize on the booming demand for AI technology.

As businesses continue to integrate AI into their operations, these companies are likely to remain at the forefront of this rapidly expanding market.

Comments

therealchengarang

04/24

Renault's EV push is lit, fam. 44.2% of European sales are electrified. They're not playing games with $TSLA.

BranchDiligent8874

04/24

CAFE penalties are a drag, but they won't sink Renault. They're planning ahead, streamlining ops.

Interesting_Mix_3535

04/24

I'm holding Renault for the long haul. EV growth and strong margins make it a solid play. 🚀

CorneredSponge

04/24

LCV decline ain't a biggie. Master's facelift will bounce back. It's all about the comeback in this game.

JobuJabroni

04/24

Cost discipline is key. Renault's holding a 7% margin like a champ. Macro noise ain't phasing them.

conquistudor

04/24

Renault's EV game strong, Alpine A390 hype train 🚂

qw1ns

04/24

Currency risks loom, but Renault's got potential 💰

OG_Time_To_Kill

04/24

Geographic expansion is smart. Latin America and Morocco are where the gains are. Renault's playing the long game.

DoU92

04/24

Alpine A390 is coming in hot. Seven new launches this year? Renault's got the market on lock.

Jera_Value

04/24

Those new models are cash cows, up 28.3% of sales. Gotta love a company that knows growth.

No-Sandwich-5467

04/24

Currency volatility is a risk, but Renault's diversified. They're not just riding on European waves.

wodentx

04/24

Holding $RNSDF, bullish on their cost management.

Substance_Technical

04/24

Solid Q1 for Renault, but watch out for LCV decline and currency risks. EV push looks promising, though.

deevee12

04/24

New models = margin boost, smart move Renault

Gonzalo12560

04/24

@deevee12 Not sure it's that simple. Currency swings hit hard. Renault needs to watch out for LCV decline too.

nrthrnbr

04/24

@deevee12 New models = margin boost, smart move Renault. They're playing the long game with EVs and hybrids. Renault 5 and Alpine A390 are gonna be hot sellers. 🚗💨

Lunaerus

04/24

Renault's cost discipline is impressive. 7% margin target is ambitious, but they seem on track. 🚗

foureyedgrrl

04/24

@Lunaerus Margin target ambitious, but they're on track.

Brendanlendan

04/24

@Lunaerus Renault's margins tight, but watch out for CAFE penalties.

Book_Dragon_24

05/16

$META should hit $638 again today

Icy-Waltz7111

05/16

$META 5/23 $655c

Outrageous-Lab2721

05/16

$META 888+ upgrade Buy now and hold

cheesycrustz

05/16

@Outrageous-Lab2721 How long you planning to hold $META? Curious if you're thinking short-term flip or long-term stack.

SeeTheExpanse

05/16

@Outrageous-Lab2721 I had $META in my portfolio last year, sold too early, man. Regretting now with all this speculation.

Defeat3r

05/16

$NKE buy this one and it'll be 200 next year just like META and Netflix

Masala-Papad

05/16

$META

TheLastMemeLeft

05/16

@Masala-Papad How long you holding $META? Got any targets in mind?

Tree_640

05/16

Damn!!The META stock was in an easy trading mode with Premium tools, and I made $488 from it!

Wakawifi101

05/16

@Tree_640 How long were you holding META before selling?

pimppapy

04/14

Damn!!Those $AMZN whale-sized options block were screaming danger! � Closed positions just in time profiting more than $227

ginaah

04/14

@pimppapy Sold early, nice move. I was stuck with some $AMZN shares last year, sold way too soon. Regretted it big time.

weepz_

04/14

@pimppapy How long were you holding those $AMZN options? Curious about your strategy.

Life_Ad_2142

1 hour ago

Damn!!the block option data in BTC stock saved me much money!

Dadliest_Dad

05/18

Holy!🚀 META stock went full bull as tools from Premium benefits. Cashed out $420 gains!

Medivacs_are_OP

20 hour ago

@Dadliest_Dad How long were you holding META stock, and what's your plan with the gains?

Luka77GOATic

48 min ago

Damn!!the Peak Seeker algorithm successfully identified both trough and apex inflection points in DNA equity's price action, while my execution latency resulted in material opportunity cost.

Affectionate-Ad-8167

36 min ago

@Luka77GOATic How long were you holding DNA before selling? Curious if you had a specific target or timing in mind.

NeighborhoodOld7075

04/23

Holy!The BABA stock generated the signal signal, from which I have benefited significantly!

Outrageous-Rate-4080

04/23

@NeighborhoodOld7075 What’s the duration you held BABA? Curious about your strategy.

Lunaerus

05/10

Decentralized trading = more control, less corruption.

cfeltus23

05/10

High leverage trading is a double-edged sword. Wynn's using it to slay, but one wrong move and...💥. Risk management is key.

k_ristovski

05/10

10x PEPE? Ballsy move, I respect it.

aj_cohen

05/10

Meme coins like PEPE might seem ridiculous, but they're making some traders very rich. Don't underestimate the power of hype. 🚀

GoStockYourself

05/10

40x leverage on Bitcoin? Insane! Respect for the risk. But meme coins like PEPE? Just for fun, right? 😂

lookingforfinaltix

05/10

Centralized vs. decentralized: choice is clear

InevitableSwan7

05/10

Wynn's strategy is 🔥, but risky. I'm more conservative, holding $AAPL and some crypto. Gotta diversify, y'know?

falcongrinder

05/10

$46M in 2 months, talk about yolo trading.

Cannannaca

05/10

Centralized exchanges got nothin' on Hyperliquid right now. Wynn's profits prove it. Time to rethink our portfolios.

PlatHobbits7

05/10

Wynn's gains are 🤯, but risk management is key.

JimmyCheess

05/10

Meme coins got Wynn that bag, huh? 💰

Zestyclose_Gap_100

05/10

Decentralized trading is the future. No middlemen, more control. Hyperliquid is killing it. Why settle for less when you can have the keys?

shackofcards

05/10

$46M in 2 months? That's not just skill, that's a whole different level of dedication. What's your take?

Solarprobro4

05/10

Decentralized exchanges are the future. No intermediaries = more control. Hyperliquid is killing it with 60% market share. 🚀

Critical-Database-49

05/10

Damn!!🚀 BTC stock went full bull trend! Cashed out $275 gains!

No_Cartographer_5298

05/10

@Critical-Database-49 How long were you holding BTC before cashing out?

DramaCute8222

10 hour ago

Dogecoin's on a roll, breaking out like a doge on a mission, squeezing shorts and making bulls grin. The MVRV Z-score's low, so no froth, but watch out—Stock-to-Flow's high, and network activity's dropped. It's a bullish squeeze, but remember, the moon's a fickle friend. Keep your paws on the keyboard, and don't get too carried away.

Excellent_Chest_5896

9 hour ago

@DramaCute8222 What's your take on DOGE's long-term?

Still_Air2415

10 hour ago

Holy!🚀 DOGE stock went full bull trend! Cashed out $111 gains!

CyberShellSecurity

03/05

AI meme coin? 🚀 Gotta watch this space.

Ben280301

03/05

FloppyPepe's smart contract audit gives me peace of mind. Gonna hodl and see if this meme coin turns into a money printer.

battle_rae

03/05

Meme-o-Matic's engaging, but FloppyX might be the game-changer. Video generation could take the community interaction to a new level.

Searchingstan

03/05

@battle_rae True, FloppyX could boost engagement.

Searchingstan

03/05

Stage pricing strategy smart. Started with private sale success, sets up presale momentum. Watching for public launch signals.

pimppapy

03/05

@Searchingstan Smart move, but let's see if they can avoid the typical meme coin trap.

CALAND951

03/05

SolidProof audit = 🚀 confidence boost. Smart contract clean, decentralized, and secure. FloppyPepe's got the basics right.

Fit-Possibility-1045

03/05

@CALAND951 SolidProof's audit = good start. But will FloppyPepe hold its value post-hype?

caollero

03/05

Charity and scarcity via burns. Nice touch with wildlife conservation. More value beyond just FOMO.

vanilica00

03/05

Meme-o-Matic is the real game-changer here.

GJohannes37

03/05

@vanilica00 Meme-o-Matic could moon.

RedneckTrader

03/05

SolidProof audit = peace of mind for FPPE hodlers

investortrade

03/05

@RedneckTrader How long you planning to hold FPPE? Thinking long-term or just riding the hype?

Kahn Brothers

04/26

Wow!🚀 SOL stock went full bull trend! Cashed out $425 gains!

OckyHanma

04/26

@Kahn Brothers How long were you holding SOL before cashing out?

NalonMcCallough

04/25

Holy!TSLA demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy

Progress_8

04/25

@NalonMcCallough What do you think about TSLA's next move?

GoStockYourself

04/29

Wow!🚀 CL stock went full bull as tools from Premium benefits. Cashed out $367 gains!

k_ristovski

05/17

Wow!The ABR stock triggered a trading signal, resulting in substantial gains for me.

lies_are_comforting

02/21

$MSFT Another day

Bothurin

02/21

$MSFT never felt this way in a trading season... nothing like this

NEYO8uw11qgD0J

02/21

@Bothurin Ever felt this bullish?

Phuffu

02/21

@Bothurin What’s driving your MSFT vibes?

Solidplum101

02/21

$MSFT lost more in a day than it gained in a year

54 min ago

We all know this was to drive tge narjet down so the institutions dont loose money. The deficit is being cut bt DOGE and tax cuts will boost consumer spending. Retail investors are not done.

joe_bidens_underwear

23 min ago

@ Makes sense

yolo4500A_IMO_CLadd

57 min ago

Holy!The MSTF stock was in an easy trading mode with Pro tools, and I made $133 from it!

cfeltus23

05/10

High-yield market is a nightmare for Boohoo

YungPersian

05/10

Boohoo's debt is a ticking time bomb

jobsurfer

05/10

Shein's crushing it, Boohoo needs a miracle

Interesting_Award_86

05/10

Boohoo's debt woes are a ticking time bomb. Will they pull a rabbit out of the hat or faceplant?

fluffnstuff1

05/10

Boohoo's debt woes are a ticking time bomb. High-yield market's a minefield, and their pivot better hurry up or they're toast.

GreenCandlesOnlyPls

05/10

Holy!I successfully capitalized on the AMZN stock's bearish movement with Pro tools, generating $485!

BennyOcean

05/10

@GreenCandlesOnlyPls Nice score! What was your strategy with Pro tools on AMZN?

WickedSensitiveCrew

8 min ago

OMG!I successfully capitalized on the AAPL stock's bearish movement with Premium tools, generating $286!

enosia1

05/13

Legal battles? Been there, seen Spain's tantrums. Odyssey's moving forward with better funding.

Harpnut

05/13

The critical minerals angle is a game-changer. Phosphate-rich seabeds could be a goldmine.

SeriousTsuki

05/13

Legal battles are a risk, but the upside is massive. A single discovery could redefine $OMEX.

SelectHuckleberrys

05/13

Ocean-Based Climate Solutions Act aligns policy with Odyssey's path. Bullish on regulatory tailwinds.

Current_Attention_92

05/13

$1.10 per share? Undervalued AF considering their mineral plays and potential shipwreck gold mines.

greenpride32

05/13

Patience is key with Odyssey. One big win could skyrocket the stock. 🌊

Assistantothe

05/13

$OMEX undervalued, critical minerals game changing

tinyraccoon

05/13

Shipwrecks and minerals? Odyssey's got the treasure map to future profits. Just need to dig deep.

GoodCoffeee

05/13

Legal battles? Risks. But upside? Pure 🔥

West-Bodybuilder-867

05/13

Odyssey's deep-sea tech is licensable goldmine.

neurologique

05/13

Fertilizer market booming, Odyssey's phosphate play could be a steady cash cow. Not just treasure hunting anymore.

downtownjoshbrown

05/13

Odyssey's like a lottery ticket, but with deeper pockets and a better shot at the jackpot.

Mean_Dip_7001

05/13

Execution risk is real, but the potential upside is way more asymmetric than $TSLA's growth days.

ZhangtheGreat

05/13

Deep-sea robotics = future cash cow

bllshrfv

05/13

$OMEX is like a phoenix, rising from financial slumps. Deep-sea exploration is a treasure trove of potential.

sneakyjesus33

05/16

Wow!the block option data in META stock saved me much money!

dsua

05/16

@sneakyjesus33 What specific stocks or predictions were you referring to in your META stock experience?

Fresh_Crazy1660

05/16

Holy!The OTLK stock was in a clear trend, and I made $407 from it!

Biracial-Merch

05/16

@Fresh_Crazy1660 Nice score! How long you held OTLK and what's your next move with the gains?

skychi

05/16

OMG!The VACHU stock was in an easy trading mode with Premium tools, and I made $223 from it!

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