Why Grab Holdings Plunged Today
Shares of Southeast Asian mobility super-app Grab (NASDAQ: GRAB) plunged on Tuesday, falling 7.7% as of 1:10 p.m. ET.
Grab is a leader across Southeast Asia in mobility, delivery, and digital financial services. And while today's third-quarter earnings report was actually fairly strong, it apparently wasn't enough for investors after a strong year for the stock.
In addition, tech stocks were broadly under pressure today, as investors took profits across most artificial intelligence (AI) stocks and the tech sector generally.
Source Fool.com
