ChargePoint Stock Plunges After Earnings. The Economy Is Crimping Growth.

ChargePoint stock plunges after earnings report
Company reports disappointing quarterly results
Economic slowdown crimping ChargePoint's growth
Shares drop sharply following earnings release
EV charging equipment maker hurt by broader economy

barrons.com

Relevant topic timeline:

8/23/2023

With retail companies reporting consumer weakness, Cramer says stick with tech

Consumer weakness in the market has caused the stock of many companies to plummet, leading money managers to focus on enterprise hardware and software companies instead, with Jim Cramer recommending Apple, Amazon, and Nvidia.

9/28/2023

Workday Shares Drop After Lowering Revenue Outlook, Though Past Fundamentals Called Solid

Workday's stock plummeted nearly 10% after the company's management lowered its outlook for subscription revenue growth, which Jim Cramer described as "worrisome," although the company's past fundamentals have been solid.

10/3/2023

Stocks Sink as 10-Year Treasury Yield Hits 15-Year High

Stocks plummeted as investors were spooked by the 10-year Treasury yield reaching its highest level since 2007, with markets concerned about a tight labor market and the possibility of rising yields continuing to put pressure on stocks.