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Salesforce stock dipped on Friday due to profit-taking following a historic rally driven by Q2 earnings, raised guidance and Claudeforce.
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CloudBees announced the opening of a new office in downtown Denver to serve as a hiring hub for engineering, product, and go-to-market roles. The expansion is part of CEO Moritz Plassnig's strategy to grow the company in key tech hubs globally. Denver's tech workforce is projected to grow 2.2% in 2026, and the city ranks 4th nationally for tech worker concentration.
NVIDIA nears $6T valuation as Dan Ives suggests Wall Street is underestimating growth by up to 30%. Get the latest NVDA breakdown.
Clara Shih warns AI agents could shrink teams, reduce entry-level opportunities and reshape the future of work.
Salesforce and Palantir present contrasting investment profiles in the AI software market. Salesforce offers better valuation with a forward P/E of 14.4x and strong free cash flow of $14.4 billion, but faces increased debt from a $25 billion share buyback. Palantir boasts faster growth (56.2% revenue increase) and zero debt, but trades at a premium 85.5x forward P/E with limited margin for error if growth slows.
Wall Street analysts raised targets for PTC, Cloudflare, PENN, Microsoft and others, while downgrading PTC and upgrading PENN and Abbott.
Goldman Sachs analyst Mark Delaney maintains TE Connectivity (NYSE:TEL) with a Buy and raises the price target from $284 to $288.