Overview
- Shares fell 5.69% Monday to $89.58 and dipped to $87.78 after hours, adding to recent volatility for AI‑exposed stocks.
- The stock dropped more than 12% last week as investors, including company insiders, locked in gains after a roughly 303% year‑to‑date rise.
- Company filings show insiders sold over $19 million in November 2025, and valuation worries persist with a price‑to‑earnings ratio above 1,300.
- Debate over the durability of Big Tech’s AI capital spending, including cautionary notes from Bridgewater and reports of slower customer timelines such as at Oracle, weighed on sentiment.
- Fundamentals remain mixed, with a fourth straight record quarter and Q3 revenue of $519 million up 57% year over year, while traders eye Tuesday’s jobs data and Q4 results scheduled for February 4, 2026.