🟢 WDAY is trading 4% up today on bargain hunting despite Citigroup AI threat warning

WDAY is trading 4% up today at $123.54 as investors engage in bargain-hunting and short-covering following a significant year-to-date decline.

• Citigroup downgraded Workday from Buy to Neutral, citing existential AI threats to traditional SaaS models after shares fell more than 40% this year.
• The stock is rebounding from recent lows despite a weak broader tech tape and intense scrutiny regarding the company's long-term AI positioning.
• Traders appear to be capitalizing on the sharp YTD slide, viewing the current price levels as a potential entry point despite the analyst caution.