Salesforce stock sinks as ‘software-mageddon’ bites again — what to watch before earnings
Salesforce shares fell 4.8% Thursday, closing at $189.97, as software stocks slumped on fears AI could disrupt subscription models. The S&P 500 software and services index lost 4.6%. Salesforce and Amazon together cut about 117 points from the Dow, which dropped over 500 points. Investors now await Salesforce’s February 25 earnings report.