ServiceNow and Salesforce Both Drop 5% in Single Session Despite Record Revenue — AI Agent Disruption Sentiment Overwhelms Fundamentals

24/7 Wall St·medium signal

On March 24, ServiceNow dropped to ~$106 and Salesforce fell to ~$184, both losing roughly 5% in a single session despite strong fundamentals: ServiceNow Q1 revenue of $3.57B (+21% YoY) with a $1B AI revenue target for 2026, and Salesforce full-year revenue of $41.53B (+10%) with Agentforce at $800M run rate (+169% YoY). Insiders are actively buying at these depressed prices. The selloff is sentiment-driven — investors are repricing on fears that AI agents will commoditize enterprise workflow software, raising the question of whether this is rational reassessment or panic mispricing of companies building the governance layer agents will need.