Walmart-Backed Symbotic Stock Plunges on Accounting Errors
Walmart(WMT) Investopedia·2024-11-28 03:45
Key TakeawaysSymbotic, the Walmart-backed artificial intelligence (AI) warehouse technology company, warned Wednesday about accounting errors.Symbotic said it was delaying its annual report and revising its current-quarter outlook because of the accounting mistakes.Symbotic shares plunged after the news Wednesday, losing nearly 40% of their value in intraday trading. Shares of Symbotic (SYM) cratered Wednesday after the artificial intelligence (AI)-driven warehouse technology company announced it was delayi ...