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Symbotic (SYM) Stock Is Down 25% on Weak Guidance. What's Going on with the AI Darling?
SYMSymbotic (SYM) Investor Place·2024-07-30 19:49

Shares of Symbotic (NASDAQ:SYM) are taking a tumble after the artificial intelligence (AI) robotics company reported its earnings. As of this writing, SYM stock is down about 25%. "Looking ahead, improving our deployment process may temporarily slow our revenue growth," said CFO Carol Hibbard. "However, we expect system costs to decline and gross margin to return to historical levels during our fourth fiscal quarter." These numbers were solid, although a stock's price is based on discounted future cash flow ...