Cloudflare is trading at $298.26 (-5.71%) amid renewed pressure on technology stocks tied to AI financing concerns.
- Reuters reports investors are questioning whether AI infrastructure operators can generate enough returns to repay debt as borrowing costs remain elevated.
- Hotter-than-expected inflation has revived concerns about a restrictive Federal Reserve outlook, weighing on growth-oriented shares.
- The market snapshot shows the Nasdaq down 0.49%; no company-specific announcement explaining Cloudflare’s move was identified.