🔴 Workday Inc. tumbles 7.9% as investors sell off on new AI product announcements from its DevCon event

Workday Inc. is trading 7.9% down at $144.80 as investors react negatively to a series of AI-focused announcements at the company's Workday DevCon 2026 event.

• On June 2, Workday unveiled new AI developer tools, an integration with Amazon Web Services (AWS) for its Data Cloud, and a new AI agent verification system called Agent Passport with Cisco as a launch partner.
• The sharp sell-off suggests a "sell the news" reaction, where the announcements may have disappointed investors or failed to justify the stock's strong recent gains.
• The decline marks a significant reversal from the stock's performance in the prior two trading sessions, where it had rallied more than 20% cumulatively.