Profits keep climbing as the stock drops. Has the price finally fallen far enough?

Netflix stock is getting a valuation reset after the subscription streaming video service posted its slowest sales growth in three years.

Ad sales aren't growing as fast as management predicted.

Netflix shares extended their slump after the streaming giant issued a forecast that missed analysts’ expectations.

Futures tied to the tech-heavy Nasdaq led gains on Wednesday as ​results from SpaceX and Super Micro Computer revived the AI trade, while Netflix slipped after its forecast ‌failed to impress investors.

Nasdaq futures slid more than 1% on Thursday as high-growth stocks faced renewed pressure after earnings from Tesla and Meta Platforms did little to allay concerns over AI spending, while a rebound in oil prices further dampened sentiment.

STORY: Wall Street stocks finished higher Wednesday with the Dow advancing about seven-tenths of one percent, the S&P 500 climbing nearly six-tenths and the Nasdaq gaining one percent. Quarterly

The tech-heavy Nasdaq led gains on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks.