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Analyst downgrades Salesforce to a sell rating due to slowing growth in key segments and AI posing a risk to revenue model.

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For the quarter ended on October 31st, Salesforce reported that revenue grew 8% YoY to $9.44 billion, surpassing LSEG’s consensus estimate of $9.34 billion. Net income grew 25% YoY to $1.5 billion.

Shares of Meta Platforms ( META 0.32%) and Salesforce ( CRM -1.65%) soared 350% and 115%, respectively, over the last two ...