ADBE, CRM, TTD stocks hit 52-week lows today: What's driving the selloff?

MSN
2026.06.12 04:03
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ADBE, CRM, and TTD stocks hit 52-week lows as investors shift capital from legacy software to AI infrastructure. Adobe fell despite strong earnings due to AI competition concerns and leadership changes. Salesforce dropped on AI-driven layoffs and model shifts. The Trade Desk declined amid slowing growth, missed forecasts, and executive turnover.