Salesforce stock experienced a sharp decline of 5.05% during Thursday's intraday trading session, contributing to a broader downturn in technology shares.

The selloff reflects growing investor anxiety that rapidly advancing artificial intelligence tools, particularly new releases from companies like Anthropic, could disrupt the business models of traditional software-as-a-service companies. This concern has triggered a market rotation out of the technology sector.

Further pressure on software stocks came from renewed focus on the massive capital expenditures required for AI development, highlighted by Alphabet's plan to nearly double its spending this year, raising questions about profitability and returns from these investments.