Salesforce.com (CRM) shares plummeted 5.98% during Friday's trading session, as global markets continue to reel from the impact of new tariffs and economic growth concerns. The sharp decline comes amid a broader market sell-off that has hit technology and globally-oriented companies particularly hard.

The market turmoil, dubbed the "Liberation Day massacre" by some analysts, has seen major indices suffer significant losses. The S&P 500 closed down 4.8% on Thursday, while the Nasdaq Composite, which is heavy on tech stocks, shed 6%. As a company with significant international exposure, Salesforce may face challenges if global trade tensions escalate further.

Despite the current market turbulence, some analysts remain cautiously optimistic about select software companies. Kirk Materne of Evercore ISI named Salesforce among a handful of companies that might be "a bit safer" on a relative basis. Materne noted that companies trading near their 2022 trough multiples on enterprise value/free cash flow or price-to-earnings ratios could be more resilient. However, this optimism has not been enough to shield Salesforce from the day's significant losses.