Microsoft, Oracle Stocks Tumble After Meta Unveils New AI Enterprise Push

This article first appeared on GuruFocus. Shares of several major enterprise software companies moved lower Monday morning after Meta Platforms (META) unveiled a new business platform aimed at bringing its AI technology to corporations. Microsoft (MSFT) fell about 2% in morning trading, while Oracle (ORCL) declined 3%. Salesforce (CRM) dropped about 4.5%, reflecting a broader selloff across software names after Meta's move into the enterprise market. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is META fairly valued? Test your thesis with our free DCF calculator.META GF Value chart Meta's new platform will give businesses access to products including its Muse AI agent, Meta Business Agent, Muse API and Muse Code.