Waystar Holding Corp. (WAY) Plummeted Amid Fears Around AI Disruption

1 day ago 2

Soumya Eswaran

Fri, May 22, 2026 astatine 9:09 AM CDT 3 min read

Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 capitalist missive for “Meridian Growth Fund”. A transcript of the missive tin beryllium downloaded here. The US equity marketplace started 2026 with volatility owed to commercialized argumentation uncertainty and geopolitical risks. Initial optimism from home institution assurance and the Federal Reserve easing waned pursuing accrued tariffs and subject strikes against Iran. The worth outperformed crossed the full market-cap spectrum. Against this backdrop, the Meridian Growth Fund (the “Fund”) returned -7.90%, trailing the Russell 2500 Growth Index benchmark, which returned -3.52%. The underperformance was driven by manufacture allocation effects, portion banal enactment was a meaningful affirmative contributor. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Meridian Growth Fund highlighted Waystar Holding Corp. (NASDAQ:WAY). Waystar Holding Corp. (NASDAQ:WAY) is simply a exertion institution that provides bundle solutions for healthcare payments. On May 21, 2026, Waystar Holding Corp. (NASDAQ:WAY) closed astatine $18.84 per share. One-month instrumentality of Waystar Holding Corp. (NASDAQ:WAY) was -24.55%, and its shares mislaid 50.34% implicit the past 52 weeks. Waystar Holding Corp. (NASDAQ:WAY) has a marketplace capitalization of $3.61 billion.

Meridian Growth Fund stated the pursuing regarding Waystar Holding Corp. (NASDAQ:WAY) successful its Q1 2026 capitalist letter:

"Waystar Holding Corp. (NASDAQ:WAY) is simply a starring supplier of healthcare payments software, offering a cloud-based level that simplifies gross rhythm absorption for healthcare providers and payers. The institution benefits from heavy workflow integration, proprietary information assets, and an expanding AI powered automation suite that creates meaningful switching costs. Shares declined during the 4th contempt delivering a beardown fourth-quarter beat, with grounds bookings enactment and expanding margins. The selloff was driven wholly by wide marketplace fears astir AI disruption of healthcare IT companies, which we judge importantly underestimates the complexity and regulatory barriers inherent successful gross rhythm workflows. We presumption the risk/reward arsenic compelling astatine existent levels."

Spok Holdings (SPOK) - Among the 10 Healthcare Stocks with Highest Dividends

Waystar Holding Corp. (NASDAQ:WAY) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 46 hedge money portfolios held Waystar Holding Corp. (NASDAQ:WAY) astatine the extremity of the 4th quarter, compared to 47 successful the erstwhile quarter. In Q1 2026, Waystar Holding Corp. (NASDAQ:WAY) reported revenue of $314 million, representing 22% year-over-year growth. While we admit the imaginable of Waystar Holding Corp. (NASDAQ:WAY) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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