Salesforce, Fox Corporation, and Greenland Energy Stocks Plummet Amid Concerns
Salesforce stock fell to a 52-week low of $160.50 on Tuesday amid growing concerns about the impact of AI on the business. The decline follows an 11-day slide in software stocks, with CRM shares down about 1.7% at close.
Fox Corporation's shares also reached a 52-week low of $51.38 after the company announced its proposed $22 billion acquisition of Roku. Analysts expressed concerns about platform conflicts and leverage, but others saw potential for increased exposure to streaming and connected TV.
Greenland Energy's shares fell to a 52-week low of $2.55 as investors grew wary of the company's Arctic exploration program in Greenland. Commercial production remains years away, with success dependent on high-risk drilling operations scheduled to begin in late 2026.