Salesforce snaps its losing streak with a cautious bounce off 52-week lows

Salesforce finally gave investors a breather today. After two brutal weeks where the stock fell day after day and dropped more than 40% since January, it bounced about 2% to around $153. That’s a welcome change of direction, but it doesn’t suddenly erase the slide or the risk — it’s more like the elevator finally pausing between floors, not yet turning around and going back up.

Today’s trading was a bit of a plot twist: tech as a whole had another rough session, yet Salesforce managed to rise on slightly above‑normal volume. The stock is still well below where it was a month or two ago and far under its longer-term average prices, which tells you the bigger trend is still down. A lot of short-term indicators say “oversold” in plain English: the price has fallen fast enough that bargain-hunters naturally start sniffing around.

So what likely drove today’s move? First, the selling had simply gotten extreme. Headlines have been piling on about Salesforce’s record losing streak and fresh 52‑week lows, even while the business is reporting things like 13% revenue growth, strong margins, and hefty free cash flow. New commentary out today leans into that disconnect, highlighting that Salesforce’s AI-related revenue (through products like Agentforce) is growing much faster than the rest of the business, and that the company has a huge authorization to buy back its own stock. That combination — strong cash engine, visible AI monetization, and a share price at multi‑year lows — is exactly the kind of setup that tempts some investors to step in.

Second, the bigger backdrop is still rough for anything tied to tech and AI. There’s been a broad “reset” in AI stocks as people question whether the big spending will actually pay off, and whether earlier valuations got ahead of reality. Reports describe global tech as being in “free fall” and investors are also dealing with the idea that interest rates may stay higher for longer. That matters for a company like Salesforce, which lives on long-term contracts and is investing heavily in AI and acquisitions: when money is more expensive and investors are nervous about AI payoffs, they tend to punish these kinds of stocks first. Today’s bounce doesn’t mean that macro story has gone away.

Under the hood, though, Salesforce’s business still looks sturdy. Around 95% of revenue is recurring subscriptions, it’s sitting on a very large backlog of contracted work, and it generates a lot of cash relative to its sales. Management is using that cash for both buybacks and deals, which is a double-edged sword: buybacks can support the share price over time, but more acquisitions and debt raise the stakes if integration or AI usage disappoints.

What does this all mean for you? If you’re looking at the stock day to day, this is still a high‑volatility name in a clear downtrend. One green day after a long losing streak is often just a “relief bounce.” For the setup to look healthier, you’d want to see the stock stop making new lows (roughly the mid‑$140s recently), hold that area for a while, and start building a pattern of higher lows on normal or improving volume. That would suggest the balance between fearful sellers and patient buyers is shifting.