Why Salesforce Was Rallying Again Today

Salesforce shares rallied about 9.5% on Monday, as of 1:30 p.m. EDT, following Nvidia CEO Jensen Huang's upbeat Computex keynote in Taiwan about AI-driven growth for software companies. Nvidia itself gained roughly 6% in the session. Salesforce also announced a France expansion plan, committing an additional $2 billion through 2030 to fund an AI innovation hub and AI education, supplementing a prior $3.5 billion investment. That brings total planned France investments to $5.5 billion. The stock trades near 15x this year’s earnings estimates, its lowest multiple in years, and Salesforce has been active with a $25 billion accelerated buyback program.