Why Artificial Intelligence (AI) Stock Cognex Crashed More Than 20% Today

Shares of Cognex (NASDAQ: CGNX) slumped this morning and were trading 21% lower as of 11:40 a.m. ET. Cognex is a world leader in machine vision systems and solutions used to automate manufacturing and distribution processes. Therefore, it extensively uses technologies like artificial intelligence (AI). AI-driven businesses have tremendous growth potential, but things haven't been so easy for Cognex lately, as its latest numbers prove.Cognex reported a sharp drop in its margins for the second quarter and issued soft guidance for the third quarter, which is why the stock is dropping like a stone today.Here are some of the most important numbers from Cognex's Q2 report:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool