AI Stock Symbotic Plunged 36% on Wednesday Due to Accounting Errors. What Should Investors Do?
Symbotic (SYM) The Motley Fool·2024-11-29 13:41The maker of AI-enabled robotics technology is restating its fiscal 2024 results and lowered its guidance for fiscal Q1 2025.Shares of Symbotic (SYM -35.86%), which makes artificial intelligence (AI)-enabled robots for warehouses, plunged 35.9% on Wednesday on extremely heavy trading volume.Symbotic's stock began trading in June 2022, after the Boston area-based company went public via a reverse merger with a special purpose acquisition company (SPAC). Walmart is an investor in the company, as well as its l ...