Autodesk stock slips 2.61% and underperforms peers

5 articles · Updated · MarketWatch · May 8

Shares closed at $244.50 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
Autodesk lagged Oracle, which gained 0.70%, while Adobe fell 1.35% and Trimble dropped 1.70% in the same session.
The stock remains 25.70% below its 52-week high of $329.09 reached on 8 September, and trading volume of 1.7 million was below its 50-day average.

With record profits and bullish forecasts, why did Wall Street punish Autodesk's stock after a single downgrade?

Can Autodesk's AI investment overcome its legacy software to fend off the agile startups transforming the design industry?