Stocks
Salesforce on Brink of Major Bounce Amid AI Fears
Salesforce's stock has been on a downward trend since the beginning of 2025, losing 55% of its value. Despite this, technical analysis suggests that the company may be due for a major bounce.
The recent decline in Salesforce's stock price has led to concerns about the impact of artificial intelligence (AI) on software stocks. However, history shows that such massive fear can create strong counter-trend bounces, potentially even short squeezes.
Salesforce has recently filled a major gap from March 2023 and tagged a former pivot point from October/November 2022. According to technical analysis, the probability of a bounce now sits at 80%.