FROG fell 5.1% in the first sharp move today as tech stocks sold off after Alphabet's results revived concerns over AI spending costs. The Nasdaq dropped and volatility rose sharply, while GitLab and Microsoft also traded lower. An Oppenheimer price-target increase earlier in the week remained a positive company-specific development but did not drive today's decline.
FROG fell 5.1% in the first sharp move today as tech stocks sold off after Alphabet's results revived concerns over AI spending costs. The Nasdaq dropped and volatility rose sharply, while GitLab and Microsoft also traded lower. An Oppenheimer price-target increase earlier in the week remained a positive company-specific development but did not drive today's decline.