After soaring more than 56% last week, Symbotic (SYM), a maker of AI-enabled robotic technologies for automating warehouses and distribution centers that has Walmart (WMT) as a major customer, is trading sharply lower this week and closed down more than 17% in Thursday's stock market. On Nov. 24, Symbotic beat fiscal fourth-quarter estimates, with adjusted profit soaring. Shares skyrocketed higher…
Walmart's AI Robotics Maker Is Sinking For This Reason After Big Run
作者：Investor's Business Daily
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摘要
Symbotic (SYM), which saw its stock soar over 56% last week due to beating fiscal fourth-quarter estimates, has since dropped more than 17% by Thursday's close. The company provides AI-enabled robotic technologies for automating warehouses and distribution centers and counts Walmart among its major clients.