Symbotic Stock Plunges 23.5% due to the AI-Powered Robot Maker's Guidance for Revenue Growth to Slow

Shares of Symbotic (SYM -23.52%), which makes artificial intelligence (AI)-enabled robotics technology for supply chains, plunged 23.5% on Tuesday, following the company's release on the prior afternoon of its report for the third quarter of fiscal 2024 (ended June 29). Another contributing factor was likely fiscal Q3's earnings missing the analyst-consensus estimate. On the positive side, the quarter's revenue sped by Wall Street's expectation. | --- | --- | --- | --- | |-------------------------------|--- ...