Asana, Elastic, Bandwidth, Domo, and 8x8 Shares Plummet, What You Need To Know
Update: 2025-11-04
Description
November 4th saw a significant drop in tech stocks, including Asana, Elastic, Bandwidth, Domo, and eight-by-eight, as investors grew wary of high valuations, particularly in AI-related stocks. Despite Palantir Technologies' record quarterly results, its shares also fell. This shift in sentiment was further emphasized by warnings from Goldman Sachs and Morgan Stanley about a potential market correction. Domo, a data analytics company, experienced a five point one percent drop, but remains up over eighty percent this year. This market adjustment underscores the volatile nature of investor sentiment and the increased scrutiny of valuations in the tech sector.
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