Traders appeared to be building on Salesforce’s rebound after the stock hit a recent swing low in June. The stock is also attempting to recover after breaking below a previous support level last month.
Tuesday’s gain suggests investors are testing whether the recent bounce can continue despite a risk-off market backdrop.
AI Investment Expands Global Strategy
Separately, Salesforce announced Tuesday that it will invest $1 billion in Switzerland over the next five years to accelerate the country’s adoption of agentic artificial intelligence.
CEO Marc Benioff unveiled the investment ahead of the AI for Good Global Summit in Geneva. The funding will support Salesforce’s local workforce, customers, partners and AI skills development across Switzerland.
