FRVO is trading at $33.46, down 8% today, as the stock undergoes profit-taking and normalization following a sharp rally triggered by major partnership announcements.
- The stock previously jumped over 8% on June 22, 2026, following its first earnings report, which highlighted a 3 GW Google deal and an NVIDIA/PNNL collaboration.
- Despite weak Q1 results, very bullish guidance and strategic deals initially drove the spike; shares are now cooling off amid a broadly weaker environment for tech and growth stocks.