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Salesforce Stock Rises 4% as Semiconductors Slide
Why did Salesforce stock rise 4%?
Salesforce (CRM) stock rose about 4% on Thursday as investors rotated out of chip stocks, with the semiconductor ETF SMH on track for an eighth straight losing day after hot inflation data.
Key numbers
| Salesforce (CRM), 1-day move | ~+4%Midday, Oct 15 (per [3]) |
|---|---|
| Adobe (ADBE), 1-day move | +3%+Midday, Oct 15 (per [3]) |
| Campbell's (CPB), 1-day move | ~+5%Midday, Oct 15 (per [3]) |
| Semiconductor ETF (SMH) | ~-2% midday~-1.5% at close; 8th straight loss on track [1][3] |
| Nvidia (NVDA) | $217.23-1.84% |
| US producer prices (PPI), Sept | +1.3%+6.3% vs a year ago |
What happened
Salesforce (CRM) stock rose about 4% on Thursday as investors rotated out of chip stocks, with the semiconductor ETF SMH on track for an eighth straight losing day after hot inflation data. Adobe gained more than 3% and soup maker Campbell's rose about 5%. Nvidia (NVDA) fell nearly 2%, while chipmakers AMD and Marvell fell more than 3%. The chip fund SMH was down about 2% at midday and ended the day roughly 1.5% lower. The shift followed a report that wholesale prices (the PPI) jumped 1.3% in September, the most in over four years, which raised fears of higher interest rates.
Why it matters
Salesforce (CRM) shares rising while chip shares fall shows investors moving money from one part of the stock market to another. Chip stocks had been a favorite way to bet on AI, but worries about heavy borrowing by AI companies and possible higher interest rates are making some investors step back. Software and food makers like Campbell's are seen as steadier, so they gained.
Who this affects
- MarketmixedMedium impact
- Money rotates from chips toward software and staples; tech mixed.
- CompanybullishLow impact
- Salesforce shareholders gain as software draws buyers.
- CompetitorsmixedMedium impact
- Adobe gains; Nvidia, AMD and Marvell lose.
- IndustrybearishMedium impact
- Chip sector faces another day of selling pressure.
Salesforce vs Adobe, Oracle
How we got here
Chip stocks slide on China memory-chip report; Micron falls 4.5%, Salesforce gains 3%.
September PPI jumps 1.3%, fueling rate-hike worries and a rotation out of tech.
SMH falls about 2% midday, on track for an eighth straight losing day.
Dow rises 1.1% while SMH closes about 1.5% lower.
What to watch
- Whether SMH extends its losing streak to a ninth day2026-10-16
- Federal Reserve policy meeting, with rate-hike odds in focus after hot inflation data2026-10-28
Educational content only. Not investment advice.
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