Salesforce Slides 3.9% on AI Collapse Fears, Trade Tensions
Salesforce shares dropped 3.86%, hitting a 52-week low after a viral blog predicted an AI-driven economic collapse in 2028, worsened by US-China trade tensions and a new Anthropic AI product. Two analysts trimmed price targets but kept buy ratings; shares are down 33% year-to-date ahead of Tuesday’s Q4 earnings.
1. Stock Movement
Shares fell 3.86%, touching a 52-week low and extending a 33% year-to-date decline as investors reacted to broader software sector weakness.
2. Market Drivers
A widely circulated blog post forecasting an AI-driven economic collapse in 2028, escalating US-China trade tensions and the launch of a new Anthropic AI product soured market sentiment.
3. Analyst Adjustments
Two analysts cut their price targets but maintained buy ratings, while investors await the company’s Q4 earnings report next Tuesday for clarity on AI disruption impact.