SoFi Stock (SOFI) Has Lost 40% This Year. Is OpenAI Adding More Pressure?
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SoFi Technologies (SOFI) has seen a 40% decline in stock value this year due to concerns over growth, profitability, and competition, particularly from OpenAI's new finance tools in ChatGPT. Following OpenAI's announcement, SoFi's stock dropped 3%. Despite strong Q1 results, analysts have lowered their price targets, with 10 out of 19 rating the stock as a Hold.
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