Overview
- Shares closed down 9.94% on Friday at $150.12 after a 6.46% jump Thursday to $166.69, marking a sharp two‑day swing.
- Insider Monkey linked the pullback to a broader market selloff and rising geopolitical tensions following comments from President Trump.
- Sentiment was also pressured by coverage reporting that an Oracle–OpenAI expansion in Abilene, Texas, was scrapped, a development not confirmed by the companies.
- Recent results showed 2025 revenue of $2.02 billion with a wider net loss of $88.4 million, and fourth‑quarter net income slipping to $1.09 million.
- Management has pointed to a product backlog of about $6 billion and total backlog near $20 billion, guiding 2026 revenue to $3.1–$3.3 billion as short interest edged down to roughly 10.4% of float.