There was a huge drop and I'm thinking about acquiring some IOT via CSPs.
IOT reported good revenue growth and the stock is down 16% over the past year + dropped another 6ish% today.
The reason for that is just higher AI and cloud infrastructure costs that influence margins.
Well, I don't care about that, the company is expanding and has proven it is profitable with its business model, it can only grow from here imo. Just a little speck of panic, perfect for CSPs if you ask me : )
Once the AI platform matures and scales, those costs become fixed, and margins expand.
I do not own the shares yet and I'm not considering leap calls as of yet, but I'm curious on what anyone else has to say here.
as always, not investment advice, just want to bounce the ideas off of someone else too here and reddit seems the best place to be publicly roasted :)