SpaceX (SPCX) isn't the only Big Tech stock getting slammed at the moment. The cover-your-eyes year for Salesforce (CRM) investors just keeps getting worse.
The news: Shares of Salesforce are now hovering at three-and-a-half-year lows. The stock is down about 10% over the past five trading sessions.
Year to date, Salesforce is by far the worst performer in the Dow Jones Industrial Average (^DJI) with a 43% decline. Only Nike (NKE) is close, with a 33% plunge.
The ******* ysis: Salesforce co-founder and CEO Marc Benioff has attempted to fight back against the "SaaS apocalypse" narrative that AI models would render software companies obsolete, which has hammered software stocks in recent months, and his in particular.
The news: Shares of Salesforce are now hovering at three-and-a-half-year lows. The stock is down about 10% over the past five trading sessions.
Year to date, Salesforce is by far the worst performer in the Dow Jones Industrial Average (^DJI) with a 43% decline. Only Nike (NKE) is close, with a 33% plunge.
The ******* ysis: Salesforce co-founder and CEO Marc Benioff has attempted to fight back against the "SaaS apocalypse" narrative that AI models would render software companies obsolete, which has hammered software stocks in recent months, and his in particular.
1 month ago
