Salesforce Pounced Early On AI. Why Is Its Stock Slumping?
Salesforce stock is clinging to a fractional weekly gain, kind of a good sign ahead of next week's Dreamforce conference. But Salesforce (CRM) is kicking off its big AI event as it grapples with a puzzle: the tech titan pounced early on the AI megatrend. So why doesn't Wall Street seem to be that impressed? Salesforce stock is poised to end the week up nearly 1%, snapping a two-week losing streak. But the shares have been sliding, down more than 25% year to date. The stock's Relative Strength rating stands ...