Spotify stock slides after Bernstein slashes target to $650 as AI push hits valuation nerves
Shares of Spotify Technology S.A. dropped 2.5% to $521.28 in early afternoon trading Wednesday, deepening a recent slide after Bernstein lowered its price target for the music-streaming giant. The Invesco QQQ Trust, an ETF tracking the Nasdaq-100, slipped roughly 1.7%.
