• Shares are down 5.3% at $201.68 as investors digest competitive AI cloud pressures from Meta Platforms and reassess recent lofty valuations.
  • The downward movement is also fueled by significant insider selling, with top executives offloading millions in shares on July 6 and July 1, 2026.
  • This comes after a sharp late-June rally, with ongoing profit-taking and position trimming contributing to volatility.