Salesforce shares closed at $199.44 on February 4, 2026, gaining 1.56% despite intense volatility across the broader technology market. The sector experienced a sharp selloff as investors rotated away from software stocks following Anthropic's announcement of an AI tool for automating legal and business tasks. This "SaaSpocalypse" triggered a $285 billion loss in total market value for major software firms during the single session.
The decline highlights investor anxiety regarding AI disruption to enterprise software. Market sentiment was further pressured by January employment data, which reported only 22,000 new jobs compared to the 45,000 forecast. Hawkish Federal Reserve expectations continue to weigh on high-growth technology valuations.
Salesforce faces specific headwinds from weak Agentforce adoption and fiscal 2026 revenue guidance that missed Wall Street expectations. The company will report its Q4 and full-year fiscal 2026 financial results on February 25, 2026.