Autodesk stock slips 2.55% and underperforms in strong market session

6 articles · Updated · MarketWatch · May 6

Shares closed at $243.08 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
The decline ended Autodesk's five-day winning streak and left the stock 26.14% below its 52-week high of $329.09 reached on 8 September.
Among peers, Adobe fell 2.13% to $250.17, Oracle rose 4.68% to $194.03 and Trimble dropped 7.24% to $63.42.

Why is Autodesk's stock tumbling despite record profits, a bullish forecast, and optimistic analyst ratings?

Is Autodesk's big bet on AI the key to future dominance or a gamble that threatens its entire business model?