Salesforce to spend $1 billion in Mexico over next five years to drive AI adoption [Yahoo! Finance]
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Last fomento economico mexicano s.a.b. de c.v. earnings: 10/26 05:05 pm
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Source: Yahoo! Finance
years, as the cloud software provider looks to expand its operations and drive artificial intelligence adoption. The company, which began operating in Mexico in 2006, said the investment will fund a new Mexico City office and a Global Delivery Center to support customers across the Americas. "This $1 billion investment is a commitment to Mexico as a key market for AI-powered growth," CEO Marc Benioff said. Mexico is rapidly emerging as a tech services hub, drawing investments from technology companies, particularly in the AI domain due to the country's proximity to the U.S. and growing talent base. Microsoft announced last year that it will spend $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and AI. Salesforce said Mexico is a growth market for the company, with a customer base including organizations such as Xcaret, Grupo Bafar and FEMSA. "This investment will not only create jobs and build AI skills within Mexico but
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News
- FEMSA Announces Accelerated Share Repurchase AgreementGlobeNewswire
- FEMSA Squeezed By Weaker Consumer Spending In Mexico [Seeking Alpha]Seeking Alpha
- Resilient Demand in South America and Soft Conditions in Mexico Sum Up Coca-Cola FEMSA (KOF)'s Q3 Results [Yahoo! Finance]Yahoo! Finance
- Fomento Economico Mexicano (NYSE:FMX) had its price target lowered by analysts at Barclays PLC from $107.00 to $105.00. They now have an "equal weight" rating on the stock.MarketBeat
- Fomento Economico Mexicano (NYSE:FMX) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
FMX
Sec Filings
- 12/2/25 - Form 6-K
- 10/28/25 - Form 6-K
- 9/30/25 - Form F-3ASR
- FMX's page on the SEC website