Salesforce slump deepens as stock drops 7% on disappointing guidance

Group 1 - Salesforce's stock dropped 8% following a disappointing revenue forecast, marking a 28% decline for 2025, the worst performance among large-cap tech companies [1] - Revenue for the fiscal second quarter increased by 10% year-over-year, reaching $10.24 billion, surpassing analyst expectations of $10.14 billion [2] - For the fiscal third quarter, Salesforce projected revenue between $10.24 billion and $10.29 billion, slightly below the analyst expectation of $10.29 billion [2] Group 2 - Despite investments in artificial intelligence and advancements in its software as a service (SaaS), Salesforce has not benefited from the AI boom as much as its tech peers, particularly those focused on infrastructure [3] - There are concerns in the market that AI advancements may negatively impact the software sector [3] - Analysts from KeyBanc Capital Markets noted that while Salesforce's current performance is impressive, it is insufficient to change the overall narrative regarding the future of SaaS [4]