Q: Why is the stock taking such a hit today,after coming out with what seemed to me,good news on a new product???
5i Research Answer:
In a different market backdrop, an AI-related announcement might have seen a better reaction. But the stock had run up nearly $2/share in the prior two weeks, and is still $1 higher than it was on October 4. There was no other news, and it is just that type of market right now.