Movement Alert｜Salesforce Falls 3.23% in Regular Trading, AI Disruption Fears and Below-Consensus Q2 Guidance Trigger Broad Selloff

Market Focus06-02 21:56

On June 2, Salesforce declined 3.23% in regular trading, trading at approximately $198.18 per share with trading volume of $714 million. The decline follows growing market concerns that AI advancements could structurally disrupt the traditional software industry, combined with disappointing forward guidance and a wave of analyst downgrades.

Salesforce previously reported Q2 revenue guidance of $11.27-$11.35 billion, falling short of the consensus estimate of $11.4 billion. Following the report, multiple Wall Street firms cut their target prices: Barclays lowered to $236 from $252, Canaccord Genuity and Baird both cut to $225 from $250, BMO reduced to $215 from $225, and Bernstein dropped to $173 while maintaining an Underperform rating. The selloff was compounded by profit-taking pressure after the stock surged over 10% in the prior session, driven by Anthropic stake revaluation news.

Within the Application Software sector, peers also declined broadly: Palantir fell 5.05%, Intuit dropped 8.98%, and Datadog lost 5.94%, reflecting sector-wide pressure from AI disruption narratives driving capital rotation out of software stocks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1116594359?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 21:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1116594359","market":"hk","top_or_hot":-1,"title":"Movement Alert｜Salesforce Falls 3.23% in Regular Trading, AI Disruption Fears and Below-Consensus Q2 Guidance Trigger Broad Selloff","media":"Market Focus","content":"<p><p>On June 2, Salesforce declined 3.23% in regular trading, trading at approximately $198.18 per share with trading volume of $714 million. The decline follows growing market concerns that AI advancements could structurally disrupt the traditional software industry, combined with disappointing forward guidance and a wave of analyst downgrades.</p><p>Salesforce previously reported Q2 revenue guidance of $11.27-$11.35 billion, falling short of the consensus estimate of $11.4 billion. Following the report, multiple Wall Street firms cut their target prices: Barclays lowered to $236 from $252, Canaccord Genuity and Baird both cut to $225 from $250, BMO reduced to $215 from $225, and Bernstein dropped to $173 while maintaining an Underperform rating. The selloff was compounded by profit-taking pressure after the stock surged over 10% in the prior session, driven by Anthropic stake revaluation news.</p><p>Within the Application Software sector, peers also declined broadly: Palantir fell 5.05%, Intuit dropped 8.98%, and Datadog lost 5.94%, reflecting sector-wide pressure from AI disruption narratives driving capital rotation out of software stocks.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Salesforce Falls 3.23% in Regular Trading, AI Disruption Fears and Below-Consensus Q2 Guidance Trigger Broad Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Salesforce Falls 3.23% in Regular Trading, AI Disruption Fears and Below-Consensus Q2 Guidance Trigger Broad Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-02 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 2, Salesforce declined 3.23% in regular trading, trading at approximately $198.18 per share with trading volume of $714 million. The decline follows growing market concerns that AI advancements could structurally disrupt the traditional software industry, combined with disappointing forward guidance and a wave of analyst downgrades.</p><p>Salesforce previously reported Q2 revenue guidance of $11.27-$11.35 billion, falling short of the consensus estimate of $11.4 billion. Following the report, multiple Wall Street firms cut their target prices: Barclays lowered to $236 from $252, Canaccord Genuity and Baird both cut to $225 from $250, BMO reduced to $215 from $225, and Bernstein dropped to $173 while maintaining an Underperform rating. The selloff was compounded by profit-taking pressure after the stock surged over 10% in the prior session, driven by Anthropic stake revaluation news.</p><p>Within the Application Software sector, peers also declined broadly: Palantir fell 5.05%, Intuit dropped 8.98%, and Datadog lost 5.94%, reflecting sector-wide pressure from AI disruption narratives driving capital rotation out of software stocks.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRM","symbol_name":"赛富时","start_time":0,"source_url":"","article_id":"1116594359","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116594359","pubTimestamp":1780408577,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 2, Salesforce declined 3.23% in regular trading, trading at approximately $198.18 per share with trading volume of $714 million. The decline follows growing market concerns that AI...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRM":"赛富时"},"translate_title":"动向警报|Salesforce常规交易下跌3.23%，人工智能颠覆担忧和低于共识的Q2指引引发广泛抛售","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1},"content_text":"On June 2, Salesforce declined 3.23% in regular trading, trading at approximately $198.18 per share with trading volume of $714 million. The decline follows growing market concerns that AI advancements could structurally disrupt the traditional software industry, combined with disappointing forward guidance and a wave of analyst downgrades.Salesforce previously reported Q2 revenue guidance of $11.27-$11.35 billion, falling short of the consensus estimate of $11.4 billion. Following the report, multiple Wall Street firms cut their target prices: Barclays lowered to $236 from $252, Canaccord Genuity and Baird both cut to $225 from $250, BMO reduced to $215 from $225, and Bernstein dropped to $173 while maintaining an Underperform rating. The selloff was compounded by profit-taking pressure after the stock surged over 10% in the prior session, driven by Anthropic stake revaluation news.Within the Application Software sector, peers also declined broadly: Palantir fell 5.05%, Intuit dropped 8.98%, and Datadog lost 5.94%, reflecting sector-wide pressure from AI disruption narratives driving capital rotation out of software stocks.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1116594359","isCrawlerRequest":true}