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AI Fears Shake Salesforce, Adobe Stocks
14 Jan
Summary
- Salesforce and Adobe shares experienced significant losses.
- Salesforce stock saw its largest drop since May 2024.
- Concerns over AI disruption continue to impact software stocks.
Software stocks continue to grapple with the narrative of artificial intelligence-driven disruption, with these concerns appearing to intensify. On Tuesday, shares of prominent companies like Salesforce and Adobe experienced substantial declines, marking some of the steepest losses within the S&P 500 index.
Salesforce's stock was particularly hard-hit, registering a 6.5% decrease. This drop represented its largest single-day percentage decline since May 30, 2024, according to data from Dow Jones Market Data. The significant sell-off points to growing investor apprehension.
