QUICK SPARK: Salesforce Stock Books Best Week Since August 2020

Salesforce Inc. (NYSE: CRM ) rallied 24% this week, marking its strongest weekly gain since August 2020. The software giant also topped the S&P 500’s top-performing leaderboard for the week. The rally followed Wednesday’s blockbuster second-quarter print: adjusted EPS of $5.90 crushed the $3.27 consensus, an 80% beat.

• Salesforce stock is gaining positive traction. Why is CRM stock trading higher?

Revenue of $11.35 billion grew 11% year-over-year. Management lifted fiscal-year 2027 adjusted EPS guidance to $16.67-$16.71, well above the $14.16 Street estimate. Salesforce unveiled “Claudeforce,” a deepened Anthropic partnership making Claude the default AI model across Slack and core Salesforce products. Trending The company also booked a $2.6 billion mark-to-market gain on its Anthropic stake. Shares jumped 22.6% Thu...