Salesforce Inc
Good news in a sea of pain sends 2 non-tech stocks higher in Thursday’s down market
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 and Nasdaq were sinking for the third straight session as the rotation out of tech and into the less flashy areas […]
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Software experiencing ‘most exciting moment’ as AI fears hammer the stocks
Salesforce CEO Marc Benioff appears at the US-Saudi Investment Forum at the Kennedy Center in Washington on Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Box CEO Aaron Levie says that in the 20-year history of his cloud software vendor, “this is the most exciting moment we’ve ever had.” Wall Street doesn’t see […]
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Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 28, 2026. Brendan Mcdermid | Reuters Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall […]
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Sandberg, other Meta vets invest in AI workplace communications startup
Slashwork founders Jackson Gabbard, Dave Miller and Josh Watzman. Courtesy: Slashwork Two years after Meta announced it was shuttering its Workplace enterprise business, a band of former engineers at the social media company is launching a new corporate communication platform. Slashwork, as the startup is called, on Wednesday announced that it has raised $3.5 million […]
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Jim Cramer says the software sell-off creates opportunities in stocks outside of tech
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks were attempting to shake off continued fears that AI disruption could undermine traditional enterprise software companies. Some of the high-multiple names hit hardest in recent sessions, including Club […]
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Nvidia-backed AI voice startup ElevenLabs hits $11 billion valuation in fresh fundraise, as it eyes IPO
AI startup ElevenLabs announced on Wednesday it had raised $500 million at an $11 billion valuation, as it eyes a potential IPO. Sequoia Capital led the round, with participation from existing backers Andreessen Horowitz and Iconiq, as well as new investors Lightspeed Venture Partners, Evantic Capital, and Bond. The raise more than triples the $3.3 […]
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CNBC Daily Open: UBS posts strong earnings while Novo Nordisk’s U.S. shares crater on slowing growth
Sergio Ermotti, CEO of UBS, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC UBS fourth-quarter profit rose 56% year on year to $1.2 billion, beating expectations. The Swiss bank on Wednesday also announced plans for a $3 billion share buyback in 2026 […]
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Gold extends gains, breaking past $5,000; Asia stocks mostly track Wall Street losses on tech pullback
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets mostly fell Wednesday, tracking Wall Street losses after a sell-off in U.S. technology stocks weighed on sentiment, while gold extended gains for a second day. Japan’s Nikkei 225 lost 1.2%, dragged by tech […]
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CNBC Daily Open: Nvidia denies rift with OpenAI, while software and asset management stocks plunge
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices reported fourth-quarter earnings on Tuesday after the bell. The chipmaker beat Wall Street’s revenue and profit estimates, but shares plunged more […]
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S&P 500 futures are little changed after tech sell-off drags down major averages: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. Michael Nagle | Bloomberg | Getty Images Futures tied to the S&P 500 were near the flatline Tuesday night after traders’ rotation out of tech names dragged the broad market index to a losing […]
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