StocksMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

Salesforce Eyes Earnings Amid Skepticism Over AI Narrative Reversal

Key Facts

1Salesforce stock dropped to $178, its lowest level since March 2023.

2The company's market capitalization fell from $378 billion to the current $166 billion.

3The sharp decline is attributed to rising concerns over the impact of AI on software companies.

Salesforce (CRM) shares are hovering near their lowest levels since 2023 as the market prepares for the company's earnings report scheduled for Wednesday afternoon. The firm's market capitalization has contracted significantly to approximately $166 billion, driven by persistent fears regarding AI's impact on traditional SaaS business models. Despite the high stakes, some Wall Street analysts remain skeptical about the company's ability to flip the negative AI narrative during the upcoming earnings call. This prevailing caution reflects broader anxieties within the software sector, impacting major indices like the Dow Jones and S&P 500. Investors are now closely watching for any signs of strategic resilience or a successful pivot in an increasingly AI-driven landscape.

8 months ago

Version History

Version 18 months ago

What changed: The story was updated to specify the earnings report timing (Wednesday afternoon) and to highlight the prevailing skepticism among Wall Street analysts regarding the company's ability to reverse the negative AI narrative.