What's Going On With Salesforce Stock Today?

Author: Nabaparna Bhattacharya | June 07, 2024 12:12pm

Salesforce, Inc. (NYSE:CRM) shares are trading nearly flat on Friday.

According to Benzinga Pro, CRM stock has gained over 17% in the past year. Investors can gain exposure to the stock via IShares Expanded Tech-Software Sector ETF (BATS:IGV) and REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI).

Yesterday, the company’s shares were ticking higher after it announced London as the location for its first artificial intelligence (AI) center.

The company’s facility aims to foster collaboration among industry experts, developers, and customers, facilitating innovation and skill development in AI, reported Reuters.

Upgrading Slack For Task Management

Yesterday, Salesforce released a statement highlighting that Slack has introduced Slack lists, integrating project and task management directly into its platform to streamline workflows.

This aims to address the challenges businesses face with scattered conversations, app silos, and time-consuming updates across platforms.

With Slack lists, teams can manage projects, collaborate on tasks, and automate workflows within Slack, enhancing efficiency and alignment. This development signifies a step towards simplifying work processes and improving productivity for businesses using Slack.

“We are at the beginning of a massive opportunity for our customers to connect with their customers in a whole new way with AI. As the world’s #1 AI CRM, we’re incredibly well positioned to help companies realize the promise of AI over the next decade,” said Marc Benioff, chair and CEO of Salesforce, while reporting first-quarter financial results.

Price Action: CRM shares are trading lower by 0.02% to $242.71 at last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Posted In: CRM FEPI IGV