iShares Expanded Tech-Software Sector ETFの空売り状況は、投資家がiShares Expanded Tech-Software Sector ETFの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

iShares Expanded Tech-Software Sector ETF (BATS:IGV), 空売り情報

iShares Expanded Tech-Software Sector ETF

iShares North American Tech-Software ETF

Technology

Communication Services

Financial Services

The Fund seeks to track the investment results of the S&P North American Expanded Technology Software Index; the Underlying Index, which measures the performance of U.S.-traded stocks from the software industry and select companies from the interactive home entertainment and interactive media and services sub-industries in the U.S. and Canada, as determined by S&P Dow Jones Indices LLC; the Index Provider or SPDJI.

Adobe Inc

Salesforce.Com Inc

Oracle Corp.

Microsoft Corp

Intuit, Inc.

Servicenow Inc

Palo Alto Networks Inc.

Synopsys Inc.

Cadence Design Systems Inc.

Roper Technologies Inc.

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-22_07h31_01-scaled.jpg" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">AI Frenzy Shifts</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-ai-frenzy-shift-software-stocks-igv-smh-mc-11222024">click here</a> for an enlarged chart comparing VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).&nbsp;
Note the following:
<ul>
<li>The Arora Report previously shared with readers that the next stage of AI would benefit software stocks.&nbsp; This is beginning to happen now.&nbsp;&nbsp;</li>
<li>The chart shows software ETF IGV has moved up since the presidential election.&nbsp;&nbsp;</li>
<li>The chart shows that IGV has outperformed semiconductor ETF SMH by about 10% since the election.&nbsp;&nbsp;</li>
<li>The Arora Report algorithms show money is flowing out of semiconductors and into software.</li>
<li>AI allows work processes to be totally reimagined compared to work processes of today.&nbsp; Work processes of today are implemented with legacy software.&nbsp; In The Arora Report analysis, it is an order of magnitude more efficient to use reimagined processes with AI native software.&nbsp;&nbsp;</li>
<li>In The Arora Report analysis, there is a battle brewing among software companies for market share when it comes to AI capabilities.&nbsp; Legacy software companies have existing customers and cash to invest in AI.&nbsp; Legacy software companies are bolting on AI offerings.&nbsp; AI native software companies have an edge technologically.&nbsp; However, they do not have an existing market share.&nbsp; Promising AI native software companies are privately held.&nbsp;&nbsp;</li>
<li>The foregoing tells us that AI will end up decimating some software companies while others will go to new heights.&nbsp;&nbsp;</li>
<li>Investors need to look forward.&nbsp; Right now, most investors who are investing in software companies are looking backwards.&nbsp;&nbsp;</li>
<li>Looking forward to 2030, the best way to capture AI opportunities in software companies is to combine the following three:
<ul>
<li>Profiting from a base position in a software ETF.&nbsp; The Arora Report's software ETF of choice is IGV.&nbsp; As full disclosure, IGV is in The Arora Report's ZYX Allocation Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from individual software company stocks that are evolving and keeping pace with AI developments and retaining and attracting customers.&nbsp; An example is PLTR and as full disclosure, PLTR was recently added to The Arora Report&#8217;s ZYX Buy Core Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from shorting software companies whose business models are being hurt by AI.</li>
</ul>
</li>
<li>A judicious combination of the foregoing will produce significantly higher risk adjusted returns, compared to using only one of the three in your investments.&nbsp;&nbsp;</li>
<li>In the early trade, the momo crowd is aggressively buying junk stocks.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">China</h3>
Chinese stocks are ultra cheap.&nbsp; The rally in Chinese stock has stalled after Trump's re-election.&nbsp; Trump wants to impose 60% tariffs on Chinese goods.&nbsp; In the face of Trump's threat, China's 10 year note auction saw strong demand.&nbsp; The pricing was close to the record low yield.&nbsp; This data point indicates that investors believe China will manage just fine with Trump's tariffs.&nbsp;&nbsp;
In The Arora Report analysis, it is important to keep track of such data points. &nbsp;If there are more such data points, it will be time to step into Chinese stocks because they are so cheap.&nbsp;&nbsp;
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).&nbsp;
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is approaching $100K. SEC Chair Gensler has said that he will resign on Trump's inauguration day.&nbsp; Gensler has been anti-bitcoin.&nbsp; Even though Gensler's resignation was expected, as Trump has said he would replace Gensler, buying came into bitcoin on the news.&nbsp;&nbsp;
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.&nbsp;
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Markets

Trading Ideas

General

$BTC

AAPL

AMZN

GOOG

MSFT

NVDA

TSLA

Opportunities For Investors As AI Frenzy Shifts From Semiconductors To Software

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares are trading higher on Tuesday. The company introduced Agentforce, which is a new feature that enables companies to develop AI agents capable of autonomously performing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41596727/salesforces-agentforce-is-here-trusted-autonomous-ai-agents-to-scale-your-workforce" rel="noreferrer noopener">tasks across various business functions</a>.
Agentforce uses advanced reasoning to make decisions and execute actions, such as resolving customer inquiries and optimizing marketing campaigns. These agents operate independently, triggered by data changes, business rules, or API signals.
Agentforce includes customizable out-of-the-box agents that are easily deployed using low-code or no-code tools, operating continuously across all channels.
The first available agent, the Agentforce Service Agent, outperforms traditional chatbots by handling a broad range of tasks, from simple inquiries to complex issues, with pre-built topics and actions for customer support.
Users can tailor these agents for different industries, such as retail for order management or financial services for billing and payment support.
The Agentforce layer is seamlessly integrated into the Salesforce Platform, leveraging data, AI, and Salesforce&#8217;s Customer 360 ecosystem, all built on a reliable foundation.
This integration enhances the capabilities of agents, allowing for unlimited scalability, proactive actions across various roles and channels, and contextual awareness of every customer interaction.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41444585/copilots-a-flop-because-microsoft-lacks-the-data-salesforce-ceo-slams-rebranding-of-ai-tool-to-agent" rel="noreferrer noopener">&#8216;Copilot&#8217;s A Flop Because Microsoft Lacks The Data,&#8217; Salesforce CEO Slams Rebranding Of AI Tool To &#8216;Agents:&#8217; &#8216;That&#8217;s Panic Mode&#8217;</a>
Investors can gain exposure to the stock via&nbsp;iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;First Trust DJ Internet Index Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>).
Price Action: CRM shares are up 1.87% at $299.26 at the last check Tuesday.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41538144/marc-benioff-warns-microsofts-copilot-spills-corporate-data-emphasizes-security-gaps-ahead-of-sa" target="_blank" rel="noreferrer noopener">Marc Benioff Warns Microsoft&#8217;s Copilot &#8216;Spills Corporate Data,&#8217; Emphasizes Security Gaps Ahead Of Salesforce Agentforce Launch</a></li>
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Equities

Large Cap

News

First Trust Dow Jones Internet Index Fund

Salesforce Launches Agentforce, Redefining AI In Business With Autonomous Solutions

At the Oracle Health Summit, Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) disclosed its plan to pursue qualification as a Qualified Health Information Network (QHIN) under the Trusted Exchange Framework<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41573122/oracle-health-to-apply-for-tefca-qhin-status" rel="noreferrer noopener"> and Common Agreement (TEFCA)</a>.
Oracle Health&#8217;s network will provide a centralized, secure gateway for healthcare data exchange, streamlining information sharing among hospitals, clinics, and insurers.
Built on Oracle Cloud Infrastructure (OCI), it leverages the company&#8217;s data security expertise to enhance the speed and efficiency of sharing by reducing unnecessary technology layers.
The network will also support diverse data types, including X-rays and MRIs, which are often unavailable in other exchanges.
This initiative is vital for accelerating data exchange and expanding the volume and variety of data in the healthcare ecosystem, enabling advanced AI capabilities to improve care decisions and optimize treatment pathways.
Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences, said, &#8220;As we progress through the TEFCA QHIN application process, Oracle will continue to lead the industry in providing solutions that help reduce costs and complexity and improve the utility of information for patients and providers.&#8221;
In a separate release, Oracle introduced a new talent acquisition feature to Oracle Fusion Cloud Recruiting, part of Oracle Fusion Cloud Human Capital Management (HCM), to help healthcare organizations find the right talent to fill mission-critical<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41571412/oracle-helps-healthcare-organizations-find-the-right-talent-to-fill-mission-critical-roles" rel="noreferrer noopener"> roles and deliver higher-quality care</a>.
Oracle Healthcare Talent Network will enable hiring managers to gain access to more qualified candidates, streamline talent sourcing, and quickly find skilled contingent workers by bringing together leading healthcare talent partners in Oracle Cloud HCM.
Apart from this, Oracle is enhancing its Fusion Cloud Applications Suite with new supply chain capabilities designed to help healthcare organizations optimize inventory <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41571207/oracle-helps-healthcare-organizations-address-critical-inventory-management-challenges" rel="noreferrer noopener">management and improve patient care</a>.
The latest updates to Oracle Fusion Cloud Inventory Management and Procurement will boost productivity, enhance insights, and refine buying decisions by automating inventory management, increasing visibility, and improving procurement data quality.
Investors can gain exposure to Oracle through&nbsp;iShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;Pacer Funds Pacer Data and Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>).
Price Action: ORCL shares are down 0.53% at $172.60 at the last check Monday.
Photo: Michael Vi/Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41567791/more-than-a-third-of-ai-based-etfs-were-launched-in-2024-focusing-on-nvidia-microsoft-apple-and-meta" target="_blank" rel="noreferrer noopener">More Than A Third Of AI-Based ETFs Were Launched In 2024, Focusing On Nvidia, Microsoft, Apple And Meta, Among Others: Here&#8217;s How Some Of Them Have Performed This Year So Far</a></li>
</ul>

Contracts

ORCL

TRFK

Oracle Takes The Lead In Healthcare Innovation With New Data And Talent Solutions: Details

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares are trading higher on Thursday. The company disclosed that NTT DATA Japan has chosen Oracle Alloy to support Japanese organizations in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41515008/oracle-and-ntt-data-japan-collaborate-to-strengthen-sovereign-cloud-capabilities-in-japan" rel="noreferrer noopener">both the public and private sectors</a>.
This partnership will accelerate cloud adoption while ensuring data sovereignty and compliance.
With Oracle Alloy implemented in its data centers, NTT DATA Japan will provide customers access to over 150 Oracle Cloud Infrastructure services, including advanced AI capabilities.
Oracle Alloy enables Oracle partners to become cloud service providers. NTT DATA Japan will enhance its sovereign cloud, OpenCanvas, using Alloy in two data centers, integrating Oracle Cloud Infrastructure capabilities, including infrastructure, platform services, and cloud-native tools.
The company says that additional features are set to launch in the Japan East region by December 2025 and the Japan West region by March 2027.
Scott Twaddle, senior vice president, Product and Industries, Oracle Cloud Infrastructure stated, &#8220;Oracle Alloy enables NTT DATA Japan to utilize the latest cloud and AI technologies to enhance its data center capabilities, helping its customers unlock new growth opportunities.&#8221;
Toshimitsu Misawa, member of the board, corporate executive officer, and president, Oracle Japan, stated, &#8220;NTT DATA Japan and Oracle Japan are united in their commitment to delivering secure, user-friendly cloud services to our customers in&nbsp;Japan&nbsp;that incorporate cutting-edge technologies.&#8221;
In April, Oracle disclosed that it plans to invest over $8 billion in the next 10 years to cater to Japan's growing demand for&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38309267/oracle-bets-big-on-japans-cloud-boom-with-8b-investment" rel="noreferrer noopener">cloud computing and AI infrastructure</a>.&nbsp;
Investors can gain exposure to Oracle through&nbsp;iShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;Pacer Funds Pacer Data and Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>).
Price Action: ORCL shares are up 0.69% at $174.29 at the last check Thursday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple" target="_blank" rel="noreferrer noopener">Dan Ives Acknowledges Nvidia, Microsoft As &#8216;Core Drivers Of AI&#8217; But Sees Palantir, IBM, AMD And Apple Joining The Party As Well — Robust Q3 Earnings Expected</a></li>
</ul>

NTT DATA Japan Taps Oracle Alloy To Boost Sovereign Cloud Solutions: Details

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) collaborated with Blue Shield of California to provide physicians and patients with nearly instant prior authorization answers, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41427418/blue-shield-of-california-salesforce-making-prior-authorization-as-simple-as-using-a-credit-card" rel="noreferrer noopener">eliminating the typical days-long wait</a>.
The new platform will integrate with Care Connect, Blue Shield&#8217;s care management system, establishing a clinical infrastructure that emphasizes ongoing preventive care and wellness rather than just responding to medical needs.
In the future, prior authorization requests will automatically notify the health plan&#8217;s nurses, social workers, and behavioral health specialists when a member may require new or enhanced health support.
The nonprofit health plan&#8217;s prior authorization platform, developed on Salesforce Health Cloud, will integrate with physician systems to collect essential clinical data from electronic health records and streamline over 20 disparate systems.
This will enable members and physicians to receive prior authorization in nearly real-time.
The testing will start in early 2025, with a limited rollout later that year. Full real-time authorization capabilities are expected by January 2026, followed by additional features.
Jeff Amann, executive vice president and general manager, Salesforce Industries said, &#8220;With Blue Shield of&nbsp;California, we&#8217;re rebuilding the prior authorization process with new innovations that support near real-time decision-making so providers can more quickly, transparently and compliantly deliver the attentive care their patients deserve.&#8221;
Investors can gain exposure to the stock via iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and First Trust DJ Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>).
Price Action: CRM shares are down 0.51% at $291.44 at the last check Monday.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage" target="_blank" rel="noreferrer noopener">Microsoft, Salesforce Battle Heats Up As AI Agent Technology Takes Center Stage</a></li>
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Salesforce Cuts Wait Times In Healthcare, New Collaboration Transforms Prior Authorizations

Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares are trading higher on Monday. The company revealed several launches at the Adobe MAX 2024 event.
Firefly Generative AI Models: The company expanded its Firefly generative AI models to include video, alongside updates to its Image, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312233/adobe-launches-firefly-video-model-and-enhances-image-vector-and-design-models" rel="noreferrer noopener">Vector, and Design models</a>.
The Firefly Video Model, now in limited public beta, is the first video model designed for commercial safety.
Since its beta launch in March 2023, Firefly has generated over 13 billion images, with 6 billion created in the last six months.
Creative Cloud Feature: Adobe unveiled over 100 new Creative Cloud features, powered by Adobe Firefly, to enhance <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312278/adobe-puts-greater-power-possibility-in-hands-of-creators-teams-marketers-at-adobe-max-2024" rel="noreferrer noopener">creators&#8217; productivity and collaboration</a>.
Next Generation Of&nbsp;Frame.io: Adobe disclosed the next generation of Frame.io, now generally available, expanding beyond video post-production to<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312234/next-generation-of-adobes-frame-io-transforms-collaboration-for-creative-teams" rel="noreferrer noopener"> include photo and design support</a>.
Frame.io enhances team collaboration by centralizing media and assets, streamlining custom workflows, and tightening feedback processes.
Adobe GenStudio: Adobe announced the general availability of Adobe GenStudio for Performance Marketing, a generative AI-powered tool designed to help brands and agencies speed up the creation of personalized, on-brand marketing campaigns across various channels and regions.
Adobe Digital Academy: Adobe announced a new global initiative expanding the Adobe Digital Academy to focus on equipping next-generation learners and teachers with AI literacy, content creation, and digital marketing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312235/adobe-revolutionizes-professional-video-editing-with-premiere-pro-innovations-powered-by-new-firef" rel="noreferrer noopener">skills to succeed in today&#8217;s workforce</a>.
Apart from this, Adobe disclosed groundbreaking innovations in Photoshop and Illustrator, enhancing power and precision in graphic design, illustration, and creative imaging, while <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312239/new-innovations-in-photoshop-and-illustrator-transform-creative-workflows-and-deliver-more-speed-p" rel="noreferrer noopener">significantly boosting speed and productivity</a>.
Price Action: ADBE shares are up 2.85% at $509.52 at the last check Monday.
Photo via Shutterstock
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ADBE

IGPT

Why Is Adobe Stock Gaining On Monday?

Oracle Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) launched Oracle Health Clinical Data Exchange, a cloud-based solution that streamlines medical claims processing through secure, automated data exchange <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41311546/oracle-health-accelerates-claims-processing-with-automated-data-exchange-between-healthcare-provid" rel="noreferrer noopener">between healthcare providers and payers</a>.
Built on Oracle Cloud Infrastructure (OCI), it replaces manual record transmission with a centralized network, reducing administrative costs, speeding up patient service approvals, and accelerating claims processing.
This solution is the first step toward offering payers a platform for instant claim evaluation and enhanced clinical decision-making.
Oracle Health Clinical Data Exchange, built on Oracle Cloud Infrastructure (OCI), uses military-grade cybersecurity to safeguard data.
Providers control their data and decide what to share with payers, ensuring strong governance and compliance. They can audit clinical data to confirm receipt by payers. Payers access data via FHIR queries or bulk processing in standard formats, enabling seamless data sharing across the network.
Kent Hoyos, vice president and CIO, Information Services, Pomona Valley Hospital Medical Center, said, &#8220;We&#8217;re excited to begin using this new Oracle Health solution, which we expect to help us more easily and securely respond to payer data requests, and ultimately ease the current burden on our staff.&#8221;
&#8220;Automating the process will help speed approval of necessary patient clinical services as well as payment processing and shorten the wait time for our patients to receive the care they need.&#8221;
Customers can sign up for Oracle Health Clinical Data Exchange by raising an SR in&nbsp;eService.&nbsp;
Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences, stated, &#8220;Healthcare has long been plagued by costly, time-intensive, and antiquated claims processing that results in billions of unnecessary fees each year, and ultimately a strained relationship between providers and payers.&#8221;
&#8220;Oracle Health Clinical Data Exchange helps eliminate this burden by simplifying and automating tedious and inefficient manual processes. It frees up valuable provider time,&nbsp;helps payers get more accurate and complete clinical information, and accelerates care approvals and reimbursements.&#8221;
Investors can gain exposure to Oracle through&nbsp;iShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;Pacer Funds Pacer Data and Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>).
Price Action: ORCL shares are up 0.33% at $176.34 at the last check Monday.
Photo via Shutterstock
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Oracle Streamlines Medical Claims Processing with Cloud-Based Solution

ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) shares are trading higher on Monday. The company plans to invest $1.5 billion in the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41309948/servicenow-pledges-1-5bn-investment-into-uk-business-over-five-years" rel="noreferrer noopener">U.K. over the next five years</a>.
The company plans to expand office space and increase its workforce beyond 1,000 employees.
The investment will also enhance its London and Newport data centers with Nvidia GPUs for local LLM data processing and introduce skills programs for 240,000 U.K. learners.
ServiceNow is reaffirming its commitment to the U.K. by investing in expanded office space, significant workforce growth, and AI skills programs.
The company aims to leverage AI through domain-specific LLMs in U.K. data centers and to provide reskilling opportunities for British workers.
ServiceNow Chairman and CEO Bill McDermott&nbsp;said,&nbsp;&#8220;The United Kingdom is embracing technology transformation at scale. In this new age of AI, the country continues to be a global leader in driving innovation for the benefit of all its communities.&#8221;
&#8220;Our investment accelerates the UK&#8217;s push to put AI to work, empowering people, enriching experiences, and strengthening societal bonds. Together, ServiceNow and our customers across the UK are delivering a future where technology benefits everyone.&#8221;
Investors can gain exposure to the stock via&nbsp;iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and Franklin Exponential Data ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/XDAT#BATS">XDAT</a>).
Price Action: NOW shares are up 0.71% at $945.25 at the last check on Monday.
Image via Shutterstock
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XDAT

ServiceNow Commits $1.5B To UK AI And Workforce Growth

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares are trading lower premarket on Wednesday. The company disclosed plans to invest over $6.5 billion to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41133324/oracle-to-invest-more-than-us-6-5-billion-in-ai-and-cloud-computing-in-malaysia" rel="noreferrer noopener">open a public cloud region in Malaysia</a>.
The company aims to meet the country&#8217;s growing demand for AI and cloud services.
This new cloud region will allow Oracle&#8217;s customers and partners in Malaysia to access AI infrastructure, services, and migrate critical workloads to Oracle Cloud Infrastructure (OCI).
Oracle plans to open a cloud region in Malaysia, offering over 150 infrastructure and SaaS services to boost the country&#8217;s digital economy and drive AI innovation.
This new cloud region will expand OCI&#8217;s presence in the Asia Pacific to 12 public cloud regions.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, minister of investment, trade and industry&nbsp;(MITI),&nbsp;Malaysia said, &#8220;It is also a significant step towards realising the country&#8217;s New Industrial Master Plan&#8217;s ambitious vision of creating 3,000 smart factories by 2030.&#8221;
Garrett Ilg, executive vice president and general manager,&nbsp;Japan&nbsp;&amp;&nbsp;Asia Pacific, Oracle added, &#8220;Our multi-billion dollar investment affirms our commitment to&nbsp;Malaysia&nbsp;as a regional gateway for cloud infrastructure as well as a comprehensive suite of SaaS applications deployed within&nbsp;Malaysia.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/top-stories/24/09/40937593/oracle-cloudworld-highlights-ai-driven-tech-services-but-revenue-growth-requires-patience-analyst" rel="noreferrer noopener">Oracle CloudWorld Highlights &#8216;AI-Driven Tech Services,&#8217; But Revenue Growth Requires Patience: Analyst</a>
Notably, IDC FutureScape&#8217;s &#8216;The Infrastructure and Cloud Impact 2024 Predictions&#8217; forecasts Malaysia&#8217;s public cloud services market to grow at a 27.2% CAGR from 2022 to 2027.
Last month, the company announced several new partnerships with various companies, including contracts&nbsp;with Guardian Life, Anduril, and RAFAEL enhancing Oracle&#8217;s cloud and AI capabilities, driving efficiency and innovation.
Investors can gain exposure to Oracle through&nbsp;iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;Pacer Funds Pacer Data and Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>).
Price Action: ORCL shares are down 0.04% at $167.10 premarket at the last check Wednesday.
Photo: Michael Vi/Shutterstock
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</ul>

Oracle Bets Big: Plans Over $6.5B Cloud Expansion In Malaysia To Fuel AI Innovation

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares are trading higher on Tuesday. The company inked several partnerships and introduced a major launch.
Salesforce launched the Agentforce Partner Network,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40896549/salesforce-introduces-agentforce-partner-network-the-worlds-first-agent-ecosystem" rel="noreferrer noopener"> which is the world&#8217;s first agent ecosystem</a>.
This open platform allows Agentforce to handle complex tasks by connecting actions across Salesforce and a wide network of third-party systems and agents.
Salesforce expanded its partnership with Google Cloud to create Salesforce Agentforce Agents that will enable secure collaboration across Salesforce Customer<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40896392/salesforce-and-google-cloud-join-forces-to-deliver-autonomous-ai-agents-that-collaborate-across-sa" rel="noreferrer noopener"> 360 and Google Workspace apps</a>.
Building on existing integrations, this allows customers to deploy autonomous agents that seamlessly operate within their daily apps, supported by the strong privacy and data protections of both platforms.
Apart from this, Salesforce disclosed its expanded partnership with luxury fashion retailer Saks Fifth Avenue to enhance its shopping <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40896421/salesforce-expands-partnership-with-saks-fifth-avenue" rel="noreferrer noopener">experience using the Salesforce Platform</a>.
This collaboration will provide Saks with deeper insights into customer preferences, enabling more personalized service, increased loyalty, and a reimagined retail experience.
This month, the company disclosed that it has signed a definitive agreement to acquire Own Company&nbsp;for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40746081/salesforce-expands-data-security-portfolio-with-1-9b-own-company-acquisition" rel="noreferrer noopener">around $1.9 billion in cash</a>.
Investors can gain exposure to the stock via&nbsp;REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>) and&nbsp;IShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Price Action: CRM shares are up 0.45% at $258.08 at the last check Tuesday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

FEPI

Salesforce Unveils New Agentforce Partner Network, Partners With Google Cloud

On Wednesday, Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) unveiled its advancements in generative AI video capabilities powered by <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40813577/adobe-previews-its-upcoming-firefly-video-model" rel="noreferrer noopener">the Adobe Firefly Video Model</a>.
Notably, Firefly has already generated over 12 billion images globally.
This new model, which extends Adobe's Firefly suite that includes Image, Vector, and Design Models, is set to enhance video editing by helping professionals fill timeline gaps and add new elements to footage.
The upcoming features, available later this year, will include Text to Video and Image to Video capabilities on Firefly.Adobe.com and within Premiere Pro. Text to Video will allow users to generate video from text prompts and adjust elements like camera angle and zoom, while Image to Video will animate still shots into live-action clips.
Ashley Still, senior vice president, Creative Product Group at Adobe, said, &#8220;Building upon our foundational Firefly models for imaging, design and vector creation, our Firefly foundation video model is designed to help the professional video community unlock new possibilities, streamline workflows and support their creative ideation.&#8221;
In August, Adobe launched Adobe Journey Optimizer (AJO) B2B Edition, using generative AI to boost customer <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40220136/adobe-transforms-b2b-marketing-with-generative-ai-powered-journey-optimizer-to-reach-buying-groups" rel="noreferrer noopener">engagement and drive growth for B2B companies</a>.
The company is set to release third-quarter FY24 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on September 12</a>.
Investors can gain exposure to the stock via&nbsp;REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>) and&nbsp;IShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Price Action: ADBE shares are down 0.41% at $572.13 at the last check Wednesday.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Adobe Shakes Up Video Editing With AI-powered Creation Tools - What's On The Cards?

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares are trading higher following better-than-expected first-quarter financial results.
Oracle reported first-quarter earnings of $1.39 per share, which beat the consensus of $1.32 and revenue of $13.307 billion, exceeding the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $13.231 billion</a>.
Several analysts raised their price <a target="_blank" href="https://www.benzinga.com/quote/ORCL/analyst-ratings" rel="noreferrer noopener">targets on the stock</a>. Maintaining a Neutral rating, B of A Securities boosted the price target to $175 from $155. Also, Morgan Stanley raised the price target to $145 from $125 and reiterated an Equal-Weight rating. Also, JPM Securities upgraded the company to Market Outperform from Market Perform.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/40796582" rel="noreferrer noopener">Oracle Analysts Focus On AI-Driven Bookings Strength, Expect Revenue Acceleration To Continue</a>
Today, the company announced several new partnerships with various companies.
Clayton, a national builder of single-family attainable housing, will streamline its business processes through the Oracle<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40791007/clayton-lays-the-foundation-for-future-growth-and-innovation-with-oracle-fusion-cloud-applications" rel="noreferrer noopener"> Fusion Cloud Applications Suite</a>.
Moreover, Evidium, a healthcare AI startup focused on reliability, transparency, and safety, will power its referenced healthcare AI platform <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40790990/evidium-selects-oracle-cloud-infrastructure-to-power-its-referenced-healthcare-ai-platform" rel="noreferrer noopener">through Oracle Cloud Infrastructure (OCI)</a>.
Additionally, Oracle was selected by Modal Labs, a serverless platform for AI, ML, and data developers, to offer faster and more cost-efficient inferencing, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40790936/modal-labs-selects-oracle-as-its-cloud-infrastructure-provider-of-choice" rel="noreferrer noopener">fine-tuning, and batch processing</a>.
Apart from this, Oracle partnered with Guardian Life to streamline its finance operations using Oracle Fusion Cloud ERP. The implementation has increased productivity, reduced costs, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40790897/oracle-supports-guardians-finance-operations-transformation" rel="noreferrer noopener">and improved decision-making through AI innovations</a>.
Also, Oracle teamed up with Anduril to deploy Anduril&#8217;s Lattice C2 platform on OCI and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40790811/oracle-and-anduril-industries-partner-to-deliver-ai-powered-defense-solutions-from-the-datacenter-" rel="noreferrer noopener">OCI Roving Edge Infrastructure</a>. Oracle collaborated with RAFAEL to enhance combat solutions, enabling faster decision-making <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40790773/oracle-and-rafael-to-provide-cloud-based-ai-solutions-for-defense-missions" rel="noreferrer noopener">during mission-critical scenarios</a>.
On Monday, Oracle and AWS launched Oracle Database@AWS to provide customers with a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40781943/oracle-stock-climbs-on-strong-q1-results-partnerships-with-google-cloud-aws" rel="noreferrer noopener">unified experience between OCI and AWS</a>.
Also, Investors can gain exposure to the stock via&nbsp;Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and&nbsp;IShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Price Action: ORCL shares are up 11.5% at $155.99 at the last check Tuesday.
Photo: Michael Vi/Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Oracle's AI-Driven Partnerships Post Q1 Earnings Beat: Details

With its inclusion in the S&amp;P 500 index, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere">entering a new phase</a> that will likely attract a new wave of investors and long-term capital, according to Bank of America.
On Tuesday, the investment bank reiterated a Buy rating and raised the price target for the data analytics and artificial intelligence firm from $30 to $50, as &#8220;S&amp;P 500 inclusion provides a watershed moment&#8221;<a href="https://www.benzinga.com/topic/artificial-intelligence"> for institutional investors. </a>
&#8220;We think that becoming a member of the S&amp;P 500 could be highly beneficial to PLTR&#8217;s stock volatility. We think that the inclusion would attract more institutional investors, both passive and active,&#8221; wrote Mariana Perez Mora, an analyst at Bank of America.
<h3 class="wp-block-heading">Strong Financials, Strategic AI Leadership</h3>
Palantir has become a key player in artificial intelligence, leveraging its deep ties with both government and commercial sectors. Bank of America's revised $50 price target reflects a new valuation approach, which rolls estimates forward to 2026. 
This leads to a projected enterprise value of $116 billion, propelling Palantir closer to the top 100 companies in the S&amp;P 500 (from its current ranking in the 165th range). 
Mora explained that the elevated multiple derived from the updated price target is justified by Palantir&#8217;s position in national security, its leadership in AI platforms, and its opportunistic partnerships. 
She also stressed the company&#8217;s strong balance sheet, particularly its $3.9 billion net cash position, as a sign of financial strength that sets Palantir apart from competitors.
<h3 class="wp-block-heading">A Misunderstood Giant in AI</h3>
Bank of America draws attention to a significant market underestimation of Palantir's future potential, likening it to AT&amp;T Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) early misjudgment of the mobile phone market in the 1980s.
&#8220;In 1980, AT&amp;T hired a consultancy company to estimate the market size for cell phones by 2000. The study suggested there would only be 900k users. The actual number of mobile subscriptions in 2000 was more than 100 million,&#8221; the report stated. 
The analogy underscores how early forecasts often miss the mark on disruptive technologies. Similarly, Palantir's advanced AI capabilities, particularly its Foundry platform, are seen as a vastly underappreciated asset. 
Foundry is designed to make data not only accessible but actionable, transforming decision-making processes across various industries.
Bank of America's bullish outlook on Palantir is also supported by its expanding list of partnerships. The company is working closely with major corporations and government agencies, including PwC, Jacobs, Accenture, and Airbus, to broaden its customer base.
&#8220;We see Palantir as a beneficiary of rapidly growing demand for Artificial Intelligence (AI)-platforms in both commercial and government end-markets,&#8221; the report stated. 
Shares of Palantir traded 0.4% lower by 11:15 a.m. ET on Tuesday, after rallying as much as 14.1% a day earlier.
Within the software-related industry, as tracked by the iShares Expanded Tech-Software Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGV#NYSE">IGV</a>), Palantir ranks third in year-to-date returns, rising 100%, behind Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), which skyrocketed 187%, and AppLovin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APP#NYSE">APP</a>), which surged 116%.
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Photo: <a href="https://www.flickr.com/photos/worldeconomicforum/" target="_blank" rel="noreferrer noopener">World Economic Forum</a> on Flickr

Analyst Color

Regulations

Success Stories

Analyst Ratings

PLTR

ZETA

Palantir's S&P 500 Inclusion A 'Watershed Moment,' Says Bank of America, Anticipates 'More Institutional Investors'

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares are on watch Monday ahead of the company&#8217;s first-quarter earnings set to be released <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40772573/ai-deals-drive-oracle-momentum-will-q1-earnings-keep-stock-in-fast-lane">after the closing bell.</a>
The Details:
Investors will be watching Oracle's cloud service revenue amid growing AI demand and previously announced deals with OpenAI and Google. Analysts expect the company to report quarterly earnings of $1.32 per share on revenue of $13.23 billion, according to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40754522/whats-going-on-with-coinbase-stock-today">What&#8217;s Going On With Coinbase Stock Today?</a>
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Oracle stock has gained over 20% in the last 12 months and is trading above its 50-day moving average of $138.64. Investors can gain exposure to the stock via Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and IShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
<h3 class="wp-block-heading">ORCL Stock Prediction 2024: </h3>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Oracle's revenue has grown at an average rate of 7.12% annually over the past 5 years. The average 1-year price target from analysts is $149.74, representing an expected 5.81% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Oracle have seen an annualized return of 18.35%, outperforming the S&amp;P500 index by 11.98%. This compares to 17.63% growth in the overall Information Technology sector. Oracle has a beta of 1.15.
ORCL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Oracle shares are down 0.47% at $142.47 at the time of publication Monday.
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Image: Shutterstock

Movers

What's Going On With Oracle Stock?

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) disclosed that it has signed a definitive agreement to acquire Own Company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40740921/salesforce-signs-definitive-agreement-to-acquire-own-company" rel="noreferrer noopener">for around $1.9 billion in cash</a>.
This amount is net of the value of the 10% of Own&#8217;s outstanding shares that Salesforce already owns. The transaction is subject to customary purchase price adjustments.
Own Company helps organizations ensure the availability, security, and compliance of critical data while enabling deeper insights.
The proposed transaction highlights Salesforce&#8217;s dedication to enhancing data security, privacy, and compliance across its platform.
Steve Fisher, President and GM, Einstein 1 Platform and Unified Data Services said, &#8220;Data security has never been more critical, and Own&#8217;s proven expertise and products will enhance our ability to offer robust data protection and management solutions to our customers.&#8221;&nbsp;&nbsp;
&#8220;This proposed transaction underscores our commitment to providing secure, end-to-end solutions that protect our customers&#8217; most valuable data and navigate the shifting landscape of data security and compliance.&#8221;
The transaction is anticipated to close in the fourth quarter of Salesforce&#8217;s fiscal year 2025, pending customary closing conditions and regulatory approvals.
Sam Gutmann, Own CEO stated, &#8220;As digital transformation accelerates, our mission has expanded from preventing data loss in the cloud to helping customers protect their data, unlock business insights, and accelerate AI-driven innovation.&#8221;
Salesforce projects that the transaction will be accretive to free cash flow beginning in the second <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">year after closing and continuing thereafter.</a> Additionally, the deal will not impact Salesforce&#8217;s capital return program.
Dividend: Salesforce announced that its board of directors had declared a quarterly cash dividend of $0.40 per share, payable on October 8, 2024, to stockholders of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40743417/salesforce-announces-quarterly-dividend" rel="noreferrer noopener">record as of September 18, 2024</a>.
Salesforce does not expect the transaction to affect its FY25 financial guidance, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40612926/salesforce-q2-earnings-revenue-beat-eps-beat-reimagining-enterprise-software-with-ai-cfo-transition" rel="noreferrer noopener">as announced on August 28, 2024.</a>
This month, Salesforce finalized an agreement to acquire&nbsp;Tenyx, a company specializing in AI-driven voice agents that enhance customer service with natural, engaging conversations. The terms of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40703539/whats-going-on-with-salesforce-stock-today" rel="noreferrer noopener">deal were not disclosed</a>.
As of July-end, Salesforce&#8217;s cash and equivalents <a href="https://www.benzinga.com/pressreleases/24/08/b40611269/salesforce-announces-second-quarter-fiscal-2025-results" target="_blank" rel="noreferrer noopener">stood at $12.6 billion</a>. In August, Salesforce reported second-quarter revenue of $9.33 billion, beating the consensus estimate of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of <a href="https://www.benzinga.com/news/earnings/24/08/40612926/salesforce-q2-earnings-revenue-beat-eps-beat-reimagining-enterprise-software-with-ai-cfo-transition" target="_blank" rel="noreferrer noopener">$2.36 per share, according to Benzinga Pro</a>.
Investors can gain exposure to the stock via iShares Expanded Tech-Software Sector ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and REX FANG &amp; Innovation Equity Premium Income ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>).
Price Action: CRM shares closed lower by 0.63% at $246.12 on Thursday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Salesforce Expands Data Security Portfolio with $1.9B Own Company Acquisition

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading marginally lower on Wednesday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, CRM stock has gained over 13% in the past year. Investors can gain exposure to the stock via iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>).
Salesforce has finalized an agreement to acquire Tenyx, a company specializing in AI-driven voice agents that enhance customer service with natural, engaging conversations. The terms of the deal were not disclosed.
In a press release yesterday, the company <a target="_blank" href="https://www.salesforce.com/news/stories/salesforce-signs-definitive-agreement-to-acquire-tenyx/" rel="noreferrer noopener">said </a>that once the acquisition is complete, Tenyx will enhance Salesforce&#8217;s autonomous agent capabilities for Agentforce Service Agent by integrating its advanced voice AI solutions, which are designed for service applications.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40700320/jpmorgan-warns-anticipated-rate-cuts-may-not-significantly-boost-stock-markets-fed-will-start-ea" rel="noreferrer noopener">JPMorgan Warns Anticipated Rate Cuts May Not Significantly Boost Stock Markets: &#8216;Fed Will Start Easing, But More In A Reactive Way&#8217;</a>
Tenyx&#8217;s co-founders, Itamar Arel, CEO, and Adam Earle, CTO and team will join Salesforce, helping to build the future of Salesforce&#8217;s Agent offerings, upon the close of the acquisition.
Last year, Salesforce, facing pressure from activist investors, announced plans to double its share buybacks and move away from further acquisitions after dissolving its mergers and acquisitions committee, per Reuters.
The San Francisco-based company is now revisiting acquisitions to boost its revenue growth. This strategy mirrors recent actions by tech giants, reflecting heightened competition for AI tools and talent.
Salesforce&#8217;s acquisition of Tenyx underscores its commitment to revolutionizing customer service through AI, reflecting its dedication to delivering next-generation customer service solutions, the company said.
The acquisition is expected to close in the third quarter of Salesforce&#8217;s fiscal year 2025, ending October 31, subject to customary closing conditions.
Last week,&nbsp;Salesforce reported second-quarter revenue of $9.33 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a> of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of $2.36 per share, according to<a target="_blank" href="http://pro.benzinga.com/" rel="noreferrer noopener"> Benzinga Pro</a>.
Salesforce issued guidance for third-quarter revenue of $9.31 billion to $9.36 billion. The company anticipates third-quarter <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">adjusted earnings of $2.42 to $2.44 per share.&nbsp;</a>
Salesforce continues to expect full-year 2025 revenue of $37.7 billion to $38 billion. The company raised its full-year adjusted earnings outlook to a new range between $10.03 and $10.11 per share.
Price Action: CRM shares are trading lower by 0.23% to $247.57 premarket at last check Wednesday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

What's Going On With Salesforce Stock Today?

Needham analyst Scott Berg expressed views on Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) ahead of its second quarter results <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">release on August 28, 2024</a>.
The analyst writes that following a weak first quarter, they expect Salesforce to report limited upside in the second quarter due to ongoing macroeconomic pressures on spending.
The analyst remains cautious as demand softness is noted across most cloud segments, including Service Cloud, which had previously been a strong performer.
Berg expects Salesforce&#8217;s Data Cloud to be a focal point in the discussions, especially given its traction in $1 million+ deals, with 25% including Data Cloud in the first quarter.
As AI adoption drives interest, Data Cloud could continue its momentum, potentially providing an incremental boost to results in the second half, adds the analyst.
The analyst maintained a Buy rating on the stock, <a target="_blank" href="https://www.benzinga.com/quote/CRM/analyst-ratings" rel="noreferrer noopener">with a price target of $345</a>.
Salesforce stock gained over&nbsp;25%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>) and&nbsp;REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>).
Price Action: CRM shares are up 0.67% at $265.78 at the last check Monday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Price Target

Reiteration

Salesforce Q2 Preview: Analyst Sees Soft Cloud Demand But Highlights Data Cloud's Growing Impact

Thailand mobile network operator Advanced Info Service plans to deploy&nbsp;Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) Oracle Alloy and launch AIS Cloud, the country&#8217;s <a target="_blank" href="https://www.benzinga.com//node/40089320" rel="noreferrer noopener">first locally owned and operated hyperscale cloud.</a>
Oracle Alloy will offer AIS and enterprises across Thailand, including the public sector, access to over 100 Oracle Cloud Infrastructure (OCI) services, including advanced artificial intelligence (AI) capabilities.
With a strong track record serving 45 million subscribers, AIS is using Oracle Alloy to leverage cloud capabilities, scale, and innovation at hyperscale speeds.
As per the terms, AIS Cloud will meet data residency and sovereignty needs, including compliance with Thailand&#8217;s PDPA and Cybersecurity Act. It will be the sole hyperscale cloud in Thailand, offering in-country disaster recovery for enhanced business resilience.
Garrett Ilg, executive vice president and general manager, Japan &amp; Asia Pacific, Oracle, said, &#8220;Thailand is a strategic market for Oracle and the Oracle Alloy collaboration with AIS will serve as an industry gamechanger for the country. It empowers AIS to become a hyperscale cloud provider, enabling them to build new services faster while delivering sovereign cloud and AI capabilities for its Thai customers.&#8221;
Daphne Chung, Research Director, Cloud Services and Software Research, IDC Asia/Pacific, stated, &#8220;IDC forecasts spending on sovereign cloud to increase at 31.5 percent compound annual growth rate (CAGR) in APEJ.&#8221;
&#8220;The APEJ Cloud Survey 2023 showed that 19 percent of APEJ organizations expect to increase their spending on sovereign cloud in the near future as a component of organizations&#8217; hybrid cloud strategy driven by compliance and regulations as well as the need for greater operational resiliency.&#8221;
Yesterday, Oracle stated that King&#8217;s College Hospital London in Dubai is among the first UAE health systems to migrate its Oracle Health Electronic Health Record (EHR) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40067750/kings-college-hospital-london-improves-ehr-performance-and-security-with-oracle-cloud-infrastructu" rel="noreferrer noopener">to Oracle Cloud Infrastructure (OCI)</a>.
Moreover, Oracle reportedly inked a deal with&nbsp;Rai Way to implement its AI systems at<a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39967609/whats-going-on-with-oracle-stock-thursday" rel="noreferrer noopener"> the Italian firm&#8217;s data centers</a>.
ORCL stock has gained around&nbsp;18% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and&nbsp;IShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Price Action: ORCL closed higher by 2.79% at $139.45 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Thailand's AIS Partners with Oracle to Elevate Enterprise Solutions: Details

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares are trading higher today. The company reportedly inked a deal with Rai Way to implement its AI systems at the Italian firm&#8217;s data centers.
Oracle&#8217;s corporate clients will access its database, cloud, and disaster recovery solutions through Rai Way&#8217;s remote data centers, reported Reuters.
The companies noted that Rai Way&#8217;s remote data centers enhance cybersecurity by adding &#8220;a further layer of protection against any attempts by cyber-criminals to locate data geographically.&#8221;
Apart from this, Oracle inked a managed services agreement with a Saudi telecom operator Salam to support<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39955486/salam-taps-oracle-to-optimize-business-operations-and-innovate-with-new-service-offerings" rel="noreferrer noopener"> ongoing digital transformation</a>.
Using an Information and Communication Technology-focused approach, Oracle will help Salam boost operational efficiency, proactively address potential issues, and ensure seamless service delivery to customers.
Ahmed Al-Anqari, CEO of Salam, said, &#8220;As a Saudi-born company, Salam is at a digital transformation milestone in its journey. Our focus is on contributing to the advancement of KSA&#8217;s ICT sector by enhancing our managed services among many other strategic initiatives.&#8221;
This month, Oracle unveiled Exadata Exascale, a cloud-based data architecture enhancing performance&nbsp;for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39746996/whats-going-on-with-oracle-stock-on-friday" rel="noreferrer noopener">Oracle Database workloads</a>.
ORCL stock has gained around&nbsp;19%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and&nbsp;IShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39317779/oracles-strategic-pivot-to-ai-and-cloud-computing-yields-market-cap-surge-report" rel="noreferrer noopener">Oracle&#8217;s Strategic Pivot To AI And Cloud Computing Yields Market Cap Surge: Report</a>
Price Action: ORCL shares are up 0.73% at $139.78 at the last check on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

What's Going On With Oracle Stock Thursday?

ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) shares are rising in premarket trading on Thursday following its <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">second-quarter earnings report, which exceeded analysts&#8217; expectations.</a>
The company&nbsp;reported second-quarter revenue of $2.627 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a> of $2.607 billion<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39942290/servicenow-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">, per a press release.</a>
Analysts anticipate that robust U.S. federal business and increasing adoption of AI software will counterbalance the impact of economic uncertainty on the company, <a target="_blank" href="https://www.cnbc.com/2024/07/24/servicenow-raises-annual-subscription-revenue-forecast-on-robust-demand-coo-resigning-after-government-contract-complaint-.html" rel="noreferrer noopener">reported </a>CNBC.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NOW stock has gained over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Franklin Exponential Data ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/XDAT#BATS">XDAT</a>) and Franklin Exponential Data ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39944577/servicenow-q2-earnings-revenue-beat-eps-beat-servicenow-intends-to-reinvent-every-workflow-in-every" rel="noreferrer noopener">ServiceNow Q2 Earnings: Revenue Beat, EPS Beat — &#8216;ServiceNow Intends To Reinvent Every Workflow, In Every Company, In Every Industry With GenAI&#8217;</a>
Meanwhile, ServiceNow disclosed the immediate departure of President and Chief Operating Officer CJ Desai following an investigation into the hiring of a former U.S. Army technology leader. However, the company assured that the hiring issue was a singular incident.
Earlier, ServiceNow also announced that it acquired&nbsp;Raytion, a Germany-based information retrieval technology provider.
NNACV for Now Assist, ServiceNow&#8217;s GenAI experience, doubled quarter over quarter and surpassed expectations significantly, with 11 deals exceeding $1 million in the quarter.
In an interview, Chief Executive Officer Bill McDermott highlighted that the adoption of the company&#8217;s generative AI-oriented products is contributing significantly to the increase in earnings. McDermott stated, &#8220;I doubt you could have had these extraordinary results without generative AI,&#8221; <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-24/servicenow-reports-strong-sales-on-expanded-product-line?sref=TBDibEcD" rel="noreferrer noopener">reported </a>Bloomberg.
ServiceNow expects third-quarter subscription revenue of $2.66 billion to $2.665 billion, representing growth of 20% to 20.5% on a year-over-year basis.&nbsp;
ServiceNow&#8217;s expansion of its product line has positioned it in more direct competition with peers like Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).
McDermott emphasized that ServiceNow is experiencing significant improvement in their customer service and employee-oriented solutions, which directly compete with offerings from Salesforce and Workday, Bloomberg added.
Price Action: NOW shares are trading higher by 6.04% to $775.00&nbsp;premarket at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock
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