General Motors Slides, CoreWeave Drops, Braze Gains as Salesforce Agrees to Buy Marketing Platform

On this episode of Stock Movers:

- General Motors (GM) shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. GM's board approved the new round of buybacks, which will be funded on an ongoing basis over a multi-year period of time, adding to the $29.5 billion already spent by the company buying back its shares since 2023.

- CoreWeave (CRWV) shares are down as concerns over the AI cloud provider’s rising borrowing costs and heavy debt continue to weigh on investors.

- Braze (BRZE) shares gain. Salesforce Inc. has agreed to buy Braze Inc., an artificial intelligence-powered platform for marketers, for almost $5.7 billion in enterprise value. Salesforce will pay Braze investors $47.50 per share, it said in a statement on Tuesday. That represents a 58% premium over Braze’s closing stock price on Monday. The deal is expected to close in Salesforce’s fiscal 2028, which begins in early February.

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