IBM and Salesforce stock prices dip following Starbucks AI shift

Shares of software firms saw a decline during US premarket trading following news that Starbucks plans to create its own AI software rather than purchasing external solutions. IBM, Salesforce, and ServiceNow all experienced drops ranging from 3% to 4%. According to a Bloomberg report, the coffee chain is also working on internal replacements for Microsoft’s inventory management platform and a maintenance tool previously provided by IBM.

by shortkt.com
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IBM and Salesforce stock prices dip following Starbucks AI shift | ShortKT