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Why Power Solutions International Plunged Today

TheMotleyFool

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Why Power Solutions International Plunged TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of Power Solution International (NASDAQ: PSIX) plunged 27.7% on Tuesday as of 2:19 p.m. EDT.

Power Systems was down along with most AI and data center-related stocks, as fears over higher energy prices and interest rates triggered a broad market sell-off. However, Power Solutions also delivered its fourth-quarter earnings report last night.

While headline figures beat expectations, concerns over gross margins and a lack of guidance specifics sent Power Solution's stock falling. But is this AI-adjacent stock a buy on the dip?

Source Fool.com

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