Tech stocks today: Salesforce and Dell decline, ending a rough week for many big firms in the sector

Several major tech stocks have seen their share prices decline this week, with Salesforce and Dell taking some of the largest hits of all. This comes despite the Nasdaq Composite hitting a record high on Tuesday. Here’s what you need to know as we head into the weekend:

Salesforce

Salesforce, Inc (ticker: CRM) probably had the worst week of the lot. Yesterday, the company’s shares dropped nearly 20% to $218.01. As of the time of this writing, CMR shares are down over 23% in the past five days, according to data from Yahoo Finance.

The reason for Salesforce’s plummet yesterday? Weak sales growth outlook raises concerns that the cloud-based software company will be left behind in the AI transformation that is sweeping the tech industry. Bloomberg notes that Salesforce’s share plunge yesterday was the company’s worst drop since 2008.

Dell

PC maker Dell (ticker: DELL) is not faring much better than Salesforce. As of the time of this writing, DELL shares are currently down over 15% in premarket trading to $143.60 per share. While Dell reported higher-than-expected Q1 sales and profits, its guidance disappointed. At the same time, although a 15% premarket drop is never good news for investors, Dell shares have surged over 122% since the beginning of this year.

Zoom, Adobe, Snap, and Microsoft

Other tech companies are also entering the last trading day of the week with a notable decline in their stocks. In the previous five days, shares of Zoom Video Communications (ticker: ZM) are down nearly 6% after posting mixed Q1 financial results last week.

Shares of Abobe Inc (ticker: ADBE) are currently down almost 8% in the last five days. The company has recently seen increased competition from Canva, which released revamped design tools to compete with Adobe’s lineup of software.

Shares of Snapchat owner Snap Inc (ticker: SNAP) are down about 4.6% in the last five days and Microsoft (ticker: MSFT) has seen its stock decline about 3.6% during the same period. 

The bright spot: Nvidia

Despite the decline in the tech stocks above over the past five days, there have also been some positive movements for companies in the sector. AI chipmaker Nvidia had one of the best advances of the week. In the past five days, the company’s stock (ticker: NVDA) is up over 16%.

This comes after Nvidia’s first-quarter results again blew away expectations and the company announced a 10-for-1 stock split last week.

https://www.fastcompany.com/91133848/tech-stocks-today-salesforce-dell-adobe-microsoft-share-price-decline-reason?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Erstellt 1y | 31.05.2024, 13:50:05


Melden Sie sich an, um einen Kommentar hinzuzufügen

Andere Beiträge in dieser Gruppe

This free site is like Google Maps for local food discovery

As my family settles into a whole new city and community, I’ve been eagerly exploring a variety of sites and services for discovering new gems and getting to know our area. And while our recent cr

24.07.2025, 11:20:08 | Fast company - tech
He helped kids be creative. Now, he wants to do the same for CEOs

More than a decade ago, Pramod Sharma set out to make learning more engaging. Through

24.07.2025, 11:20:07 | Fast company - tech
This tool lets users send fake legal letters that look real—without a lawyer

If you can’t afford a lawyer, it turns out there’s nothing stopping you from sending a scary-looking letter that, at first glance, seems to come from one—and hoping the recipient doesn’t read the

24.07.2025, 09:10:03 | Fast company - tech
9 essential Perplexity AI search tips and tricks

All right, settle in, folks, because today we’re going to try to out-Google Google with the next generation of search: Perplexity.

So, what exactly is

24.07.2025, 06:40:07 | Fast company - tech
Tokenization is gaining ground in the crypto world. Here’s what to know

Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blo

23.07.2025, 21:30:05 | Fast company - tech
‘Door kick challenge’ goes viral—but cops say the TikTok trend could lead to serious injury

Ding dong ditching has resurfaced as the “door kick challenge.” But this time it could lead to criminal charges and potentially deadly consequences. 

In Florida this week, five mino

23.07.2025, 21:30:04 | Fast company - tech
Alphabet’s Q2 revenue beats estimates as cloud computing surges

Alphabet beat Wall Street estimates for its second quarter on Wednesday, and cited massive

23.07.2025, 21:30:03 | Fast company - tech