By Nora Redmond and Hannah Pedone
Salesforce's earnings showed that AI isn't killing traditional software, and that the operators of major AI models are willing to strike partnerships with legacy vendors
Shares of Salesforce were up 20.6% on Thursday.
Salesforce's earnings just sent a confident signal to investors that artificial intelligence isn't a "death knell" for the software sector, in the words of one analyst.
Software stocks are broadly rallying on Thursday as the commentary from Salesforce - as well as from companies like Okta (OKTA) and CrowdStrike Holdings (CRWD) - resonated with the investment community.
