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NYSE:NOW 24 January 2026 - 7 February 2026

Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

Salesforce shares dropped $14.84, or 6.5%, to $213.12 in midday trading Thursday, caught up in a broad selloff in software stocks following disappointing results from SAP and ServiceNow. The S&P 500 Software and Services index plunged 8.7%, hitting its lowest level in nine months. J.P. Morgan analysts said sentiment around software remains weak, despite lofty investor expectations. “The market is pricing a worst-case scenario that software is dead,” said Adam Turnquist, chief technical strategist at LPL Financial.
ServiceNow Surprises on 2026 Outlook and a Fresh $5 Billion Buyback After Q4 Beat

ServiceNow Surprises on 2026 Outlook and a Fresh $5 Billion Buyback After Q4 Beat

ServiceNow on Wednesday forecasted annual subscription revenue surpassing Wall Street expectations following better-than-expected fourth-quarter results. The enterprise software company is pushing to reassure investors it can sustain growth despite heavy investments in AI and acquisitions. The board also approved an extra $5 billion for share buybacks, with a $2 billion accelerated repurchase set to kick off soon—an approach that swiftly retires shares via a bank.
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