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CRM stock closed down more than 2% on Thursday as concerns about the impact of autonomous AI agents on the company’s software continued to weigh on investor sentiment.
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INTU fell 0.77% at close amid rising concerns over generative AI disruptions and worries about its growth.
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FOXA shares recovered, closing up about 1.77% after slipping to an annual low amid concerns about its takeover of Roku.
Stocks of Salesforce (CRM), Intuit Inc. (INTU), and Fox Corporation (FOXA) declined sharply last week, slipping to 52-week lows amid fears of artificial intelligence and acquisition concerns.
CRM stock closed down more than 2% on Thursday, and INTU fell 0.77% at close. Meanwhile, FOXA shares recovered from the decline, closing up 1.77%.
U.S. markets were closed on Friday in observance of Juneteenth National Independence Day.
CRM stock slid to a fresh annual low of $149.80 on Thursday, marking three consecutive weeks of declines as concerns about the impact of autonomous AI agents on the company’s software continued to weigh on investor sentiment.
Meanwhile, Salesforce recently agreed to acquire AI-powered customer service platform Fin for approximately $3.6 billion. While the deal is aimed at strengthening its Agentforce offering and bolstering its broader agentic AI strategy, it has raised significant concerns about its impact on the company’s profitability.
However, analysts at Jefferies and Truist backed Salesforce’s acquisition of Fin, citing its AI capabilities, strong growth potential, and strategic fit within its ecosystem as key drivers of long-term value, according to TheFly.
Last week, Monness Crespi analyst Brian White also upgraded Salesforce to ‘Buy’ from Neutral with a $200 price target, saying that it now believes the stock’s valuation is “compelling,” as per TheFly.
CRM stock has declined about 40% so far in 2026, but retail sentiment has stayed ‘bullish’ over the past day.
Financial technology company Intuit’s shares fell to a new 52-week low of $259.23 on Thursday amid rising concerns over generative AI disruptions as well as worries over its growth.
Last week, Stifel downgraded INTU to ‘Hold’ from ‘Buy’ and lowered its price target to $275, down from $375. The analyst said it believes management will lower its near- to medium-term growth targets for both TurboTax and GBS with fourth-quarter results or in its September Analyst Day commentary. Stifel also said that after years of taking price, the company has moved to a more value-based pricing strategy, especially at the lower end of each business segment, to help stall the recent share erosion.
