AI Competition Pressured Salesforce (CRM) in Q1

In its first-quarter 2026 investor letter, Diamond Hill Select Strategy highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers toget

In its first-quarter 2026 investor letter, Diamond Hill Select Strategy highlighted Salesforce, Inc. (NYSE:CRM).

Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together

On June 8, 2026, Salesforce, Inc. (NYSE:CRM) closed at $182.55 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was 4.96%, and its shares lost 32.96% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $149.51 billion.

Diamond Hill Select Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2026 investor letter: “Shares of Salesforce, Inc. (NYSE:CRM) declined amid concerns around generative AI competition, with revenue and profit growth trending below expectations. Despite a more prolonged slowdown than initially anticipated, growth appears poised to reaccelerate in 2026, and if management’s longer-term guidance proves accurate, revenue growth and profitability should trend higher over time.” Salesforce, Inc. (NYSE:CRM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 101 hedge fund portfolios held Salesforce, Inc. (NYSE:CRM) at the end of the first quarter, compared to 115 in the previous quarter.

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