10 Stocks that Fell Off the Cliff

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1. Progress Software Corporation (NASDAQ:PRGS)

Progress Software snapped a three-day winning streak on Tuesday, shedding 13 percent to close at $55.52 apiece, as investors may have already priced in its earnings performance for the second quarter of the year following earlier growth indications.

In the second quarter ending May 31, 2025, Progress Software Corporation (NASDAQ:PRGS) firmed up its strong earnings performance, booking a 5-percent increase in its net income at $17 million versus the $16 million registered in the same period last year.

Revenues increased by 36 percent to $237 million from $175 million year-on-year, resulting in annualized recurring revenue (ARR) of $838 million or 46 percent year-over-year growth.

In a separate statement, Progress Software Corporation (NASDAQ:PRGS) also announced its acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation AI solutions.

Nuclia provides unique, easy-to-use agentic RAG-as-a-service technology enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI.

While we acknowledge the potential of PRGS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRGS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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