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Why Salesforce Plunged Again Today

TheMotleyFool

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Why Salesforce Plunged Again TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Shares of customer relationship management and data software giant Salesforce, Inc. (NYSE: CRM) fell hard on Tuesday, down 5.8% as of 1:37 p.m. EDT.

There wasn't any company-specific news for Salesforce, but the entire enterprise software segment was down harshly today. This was likely due to a new update to Anthropic's agentic tool, which can now complete tasks on one's computer.

The fear is that AI companies like Anthropic may be able to build agents that can displace some or all of the functionality that enterprise software companies provide today.

Source Fool.com

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