🔴 Argan is trading 10.7% down today as investors lock in gains following an AI-driven rally

Argan is trading 10.7% down at $484.50 as investors reassess valuation levels following an extended rally fueled by data-center construction demand.

• Shares recently surged to record levels on optimism surrounding AI infrastructure and data-center growth, leading to stretched valuation multiples.
• The current pullback reflects a cooling of lofty expectations and profit-taking rather than any new negative company-specific developments.