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Episode 28: Fortinet Stock Crash – What Happened? Lessons Learned? 2023 Tech Updates!
One of the leading cybersecurity stocks Fortinet (FTNT) crashed 25% following earnings and an update on 2023 guidance. Chip Stock Investor breaks down what happened, why the market reacted so negatively, and what should be looked for going forward. Additionally, Nvidia (NVDA) and AI hype could be at play here. While Fortinet didn’t mention this or blame anyone for its guidance missteps, Nick and Kasey discuss how events in one area of an industry can create ripple effects into other seemingly unrelated parts of the market. And finally, Nick provides his breakdown of expectations to arrive at…
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