Salesforce Rises 6.5% on Nvidia CEO’s AI Agents Boost, ETF Up 4.7%
CRM•Salesforce shares surged 6.5% after Nvidia CEO Jensen Huang said AI agents will boost demand for software tools during a Taipei keynote. The rally lifted the iShares Expanded Tech-Software ETF by 4.7% and extended a multi-session recovery in premarket trading.
1. Nvidia CEO’s AI Agents Thesis
At Computex in Taipei, Jensen Huang asserted that proliferating AI agents will rely on more software tools, driving growth for software companies rather than displacing them.
2. Broad Software Sector Rally
Huang’s remarks triggered a wide rally across enterprise software and cloud names, with the iShares Expanded Tech-Software ETF up 4.7%, ServiceNow up 10%, IBM up 12% and other major vendors posting gains between 4% and 6.6%.
3. Salesforce’s Stock Performance
Salesforce stock jumped 6.5%, one of the largest moves in the sector, as investors bet on increased adoption of AI-driven applications; premarket trading suggested further upside potential.
