Cloudflare shares drop 15% as AI hype meets slowing growth and 20% layoffs
Cloudflare shares fell more than 15% premarket after its Q2 forecast flagged slowing growth and a 20% AI-related headcount cut, denting AI-beneficiary expectations.
Tag: stock market
7 articles tagged stock market
Cyber Stocks Slide After Anthropic Unveils Claude Security Tool
Cybersecurity shares tumble — CrowdStrike down 8%, Okta 9.2% — after Anthropic launches a Claude-based vulnerability scanner, deepening AI disruption fears.
Property Services Shares Tumble as AI Disruption Fears Spread
Savills, CBRE, and serviced office firms see steep share declines as the AI sell-off expands from tech into commercial property, insurance, and wealth management.
Trucking and Logistics Shares Plunge After $6m AI Company Sparks Sell-Off
A former in-car karaoke firm turned AI company triggered a 6.6% drop in the US trucking index, with CH Robinson falling 15% and European logistics stocks following.
