Nvidia's strong outlook and Salesforce's raised forecast — ride the AI-spending relief rally into software
Nvidia just told investors to expect stronger-than-feared sales, and the same evening Salesforce raised its own yearly forecast thanks to an expanded AI deal with Anthropic. Two different companies, same message: businesses are still spending big on AI.
Idea
Nvidia's bullish sales outlook eased the market's biggest fear — that AI spending was slowing — and futures on the tech-heavy Nasdaq jumped 1% on the news. Hours later, Salesforce raised its full-year revenue forecast and expanded its AI partnership with Anthropic, showing the AI boom is spreading from chipmakers into everyday business software. When the chip supplier and the software customer are both confirming strong demand at the same time, that's evidence the trend is broadening rather than peaking. Software names like Salesforce had lagged the chip rally, so they have room to catch up as investors rotate into the next leg of AI winners.