Salesforce, Inc. shares fall 6.13% in premarket after missing revenue guidance and facing AI competition concerns.

Salesforce, Inc. plunged 6.13% in premarket trading after the company reported third-quarter revenue guidance of $10.24 billion to $10.29 billion, below analyst expectations of $10.29 billion, and slowing growth from the previous quarter. Additionally, the company's AI products, while generating over $12 billion in annualized revenue, showed insufficient returns, raising concerns about competition from new AI suppliers and the potential slowdown in traditional software revenue growth.