Zoom Video Communications (ZM) stock is down by -0.36% following its recent industry analyst event, as investor sentiment towards the communications sector has weakened and the company's evolving strategy is still not fully understood.
The decline in Zoom's stock is attributed primarily to the overall lack of favor towards the communications industry among investors and the misunderstanding of Zoom's strategy as it transitions beyond videoconferencing into a broader suite of AI-driven productivity tools.lg...Expand