United Parcel Service's (NYSE: UPS) stock price fell over 8% on March 26 as the market reacted negatively to the company's 2024 Investor and Analyst Day.

The market didn't seem to be paying much attention to the part of the presentation that focused on how UPS embraces artificial intelligence (AI), automation, and machine learning to drive margin growth. It glossed over the report that UPS' Velocity facility in Kentucky has over 700 robots and can process over 350,000 packages per day. It didn't seem impressed that the company is automating and consolidating hubs across key regions like New York, Massachusetts, Texas, and more. The efforts outlined should drive efficiency and lead to margin growth.

The market just wasn't impressed by the company's technological advancements. Instead, it put all its focus on some delivery data that went a long way to explaining why UPS' stock price is now hovering within 10% of a three-year low.

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Source Fool.com