Salesforce shares surge 12% as Anthropic investment boosts quarterly profit
Source Summary
Salesforce stock rose 12% following its latest quarterly results, which benefited from gains on its investment stake in AI company Anthropic. The company's profit was higher in the quarter, driven in part by the valuation increase in its Anthropic holding.
Why it matters
Investment gains from Anthropic contributed materially to Salesforce's quarterly profit, demonstrating how venture holdings can impact reported earnings.
