The premarket stock price drop is directly linked to investor reactions to Airbnb's cautious Q1 guidance and the absence of AI discussion in their earnings call. Despite beating Q4 expectations, the mention of a moderation in nights booked growth and the lack of specific details on Easter's impact have led to a negative short-term sentiment. Additionally, notable comments from industry figures like Gary Black and Jim Cramer have highlighted these concerns, potentially influencing investor sentiment further.