We recently published a list of 15 AI News Stories Shaking Up Wall Street. In this article, we are going to take a look at where Salesforce Inc (NYSE:CRM) stands against other AI news stories shaking up Wall Street.
U.S. President Joe Biden met with China’s President Xi Jinping at the APEC Summit in Lima, Peru, on November 16. According to the White House, the two reached an agreement affirming that human beings, not artificial intelligence, should make decisions about the use of nuclear weapons.
“The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons. The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner”.
-The White House said in a statement.
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This agreement marks a groundbreaking step in addressing two complex and challenging topics: nuclear weapons and artificial intelligence. However, it remains unclear whether the two nations will conduct additional discussions or actions on the matter.
At the same time, Xi vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with outgoing President Joe Biden on various topics. Xi acknowledged the “ups and downs” between the countries after Trump’s election.
“China’s goal of a stable, healthy and sustainable China-U.S. relationship remains unchanged. China is ready to work with the new U.S. administration to maintain communication, expand cooperation and manage differences.”
In other trailblazing news, there is a new artificial intelligence program developed by Washington State University. Reportedly, it can spot signs of serious diseases more accurately, and faster, than trained human researchers.
According to scientists, patients can receive the results of their mammogram or MRI within an hour. Washington State Professor Michael Skinner further reveals that the process can be done in minutes, and patients don’t have to wait hours or days for their image analysis on the MRI by their physician.
“You can take that image, run it through this type of program, and it can tell you exactly where the abnormalities are. But it (the A.I. model) would still need to be trained each time.”
– Dr. Skinner.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
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A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Salesforce Inc (NYSE:CRM)
Market Capitalization: $310.95 billion
Salesforce Inc (NYSE:CRM) is an American cloud-based CRM software company that has gained significant attention after the launch of Agentforce, its AI-powered platform.
On November 14, Loop Capital raised the firm’s price target on Salesforce Inc (NYSE:CRM) to $340 from $270 and kept a “Hold” rating on the shares. The buy rating comes as a part of a broader research note on select Software names. Several analysts have been upgrading their ratings and price targets on Salesforce on the back of its AI-powered platform, Agentforce, ahead of the company’s earnings. Meanwhile, many others have been downgrading the stock on the back of projected slower growth.
Overall, CRM ranks 2nd on our list of AI news stories shaking up Wall Street. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.