Salesforce stock rose 3.6% on Tuesday as part of a broader software sector rally. The sector rebounded after Anthropic announced new AI tools and partnerships with software companies including Intuit and DocuSign. The software ETF gained 2.2% on Tuesday following this announcement. This rally occurred amid broader concerns about AI disruption to software companies that have pressured the sector for months. Salesforce was down 30% year-to-date entering this week. The company is scheduled to report earnings on Wednesday. Additionally, Salesforce announced on February 18 an agreement to acquire Momentum, a conversational insights and revenue orchestration platform, to expand its AI capabilities within Agentforce 360 and Slackbot.
Read full analysisSalesforce stock rose 3.6% on Tuesday as part of a broader software sector rally. The sector rebounded after Anthropic announced new AI tools and partnerships with software companies including Intuit and DocuSign. The software ETF gained 2.2% on Tuesday following this announcement. This rally occurred amid broader concerns about AI disruption to software companies that have pressured the sector for months. Salesforce was down 30% year-to-date entering this week. The company is scheduled to report earnings on Wednesday. Additionally, Salesforce announced on February 18 an agreement to acquire Momentum, a conversational insights and revenue orchestration platform, to expand its AI capabilities within Agentforce 360 and Slackbot.
Salesforce is the world's largest cloud-based customer relationship management (CRM) software provider, offering businesses tools for sales, marketing, customer service, and AI-powered automation through its Agentforce platform. The stock has lost roughly 30% year-to-date amid a wave of analyst price target cuts and an intensifying debate over whether AI will enhance or disrupt its core subscription business. Q4 fiscal 2026 earnings are due after the close on Wednesday, February 25 — the dominant event shaping this week's volatile positioning.