Thread regarding Salesforce (CRM) stock

Salesforce hit a three-year low, down about forty percent this year, and I cannot make sense of it. They recently reported earnings and the numbers were fine. Their AI product is bringing in real money now, over a billion dollars in annual recurring revenue. Nothing about that says collapse. But the stock keeps dropping anyway. The market seems to be punishing anything that is not completely blowing expectations out of the water. Or maybe people are right to be scared that AI tools will make traditional software less necessary over time. I have no idea which side is correct. All I know is that I am holding a stock that looks cheap by every measure I can think of, and it keeps getting cheaper.