Amplitude shares drop 40% YTD amid AI fears, but core analytics remain valuable, says analyst with Buy rating.

Amplitude shares have fallen about 40% year-to-date due to fears around AI and a broader selloff in software stocks. Despite this, an analyst argues these concerns are exaggerated, highlighting Amplitude's strong analytics platform that integrates multiple data sources for enterprise use. The analyst maintains a Buy rating, citing the stock's attractive valuation despite current market risks. This suggests potential opportunity for investors who believe in the company's long-term value.