CLOUDFLARE SHARES DROP
Raised $3 million, secured prestigious US O-1 visa: How IIT dropout Dhravya Shah built an AI startup before 20
Young Indian entrepreneur Dhravya Shah, before turning 20, launched over 15 open-source projects and sold two companies. His AI startup, now backed by $3 million and notable investors, focuses on memory infrastructure for AI agents. Shah, who received the prestigious O-1 visa, emphasizes that AI's future hinges on memory and context, not just powerful models.
US stocks today: S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentiment
U.S. stocks surged at Friday's open, driven by a robust employment report that alleviated concerns about a cooling labor market. A rebound in chipmaker stocks further boosted investor sentiment, leading to gains across major indices. The Dow, S&P 500, and Nasdaq all saw significant increases in early trading.
Cloudflare's slowing growth disappoints investors betting on AI boost
Cloudflare shares dropped significantly after its revenue forecast missed investor expectations. The company is also reducing staff by 20%, citing increased use of AI tools. This move comes despite a strong rally in its stock. Analysts noted that rising AI infrastructure costs are impacting profit margins. However, some analysts remain optimistic about Cloudflare's future prospects.
Cloudflare shares plunge 18% after earnings report as AI-driven layoffs rattle investors
Cloudflare's stock dropped 18% after reporting strong Q1 2026 earnings, as the company announced plans to cut over 1,100 jobs, about 20% of its workforce. This strategic pivot to an "agentic AI-first operating model" overshadowed the earnings beat, raising investor concerns about execution risks despite an optimistic long-term AI outlook.
US Stock Market: AI anxiety batters US software stocks as growth narrative faces fresh test
U.S. software stocks tumbled as renewed fears over AI’s disruptive impact hit sentiment, with Reuters reporting steep declines across major names. A cautious rollout of a new model from Anthropic heightened concerns that advanced AI could erode traditional software demand, pressuring valuations and exposing vulnerabilities in legacy systems.
US software stocks fall as Anthropic's new AI model revives disruption fears
U.S. software shares tumbled on Thursday after Anthropic held back the wide release of a powerful AI model over concerns it could expose hidden cybersecurity vulnerabilities, deepening investor fears about the threat to traditional software firms.
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What is Claude Code Security? Why Anthropic’s AI tool has investors worried as cybersecurity stocks crash
Anthropic AI cybersecurity stocks crash today: Cybersecurity stocks tumbled Monday as investors reacted to Anthropic's new AI tool, Claude Code Security, fearing disruption to traditional business models. While executives like CrowdStrike's CEO pushed back, emphasizing the need for battle-tested platforms, the market remains concerned about AI's impact on code scanning and security workflows.
US stocks today: Futures pause ahead of January employment data
U.S. stock futures traded subdued as investors awaited crucial jobs data, with expectations of an uptick in job growth despite a sluggish labor market. Corporate earnings also drew attention, with Cloudflare jumping on a strong forecast. Markets are closely watching for any surprises in labor and inflation data that could influence the Federal Reserve's rate cut decisions.
Cloudflare investigates outage that brought down sites including Zoom and LinkedIn
Cloudflare said on Friday it has fixed an issue with its dashboard related Application Programming Interfaces (APIs). The outage had sent shares down 4.5% in premarket trading.
TGT stock falls today as Target cuts guidance and predicts weak holiday sales
TGT stock: Target issues a stark warning for 2025. The retail giant has lowered its full-year profit forecast. Shoppers are facing rising costs for food, healthcare, and housing. This means consumers are being more selective with their spending. They are prioritizing essential items over discretionary purchases. The upcoming holiday season may see weaker sales than anticipated.
Oracle's Larry Ellison who beat Elon Musk as world's richest man loses over $100 billion in 2 months. What went wrong with the tech billionaire?
Larry Ellison briefly became the world's richest person in September 2025 and toppled Elon Musk. The surge in Ellison's wealth was attributed to Oracle's stock surged on a massive OpenAI deal. But the momentum has now faded and the tech billionaire has lost over $100 billion in around two months' time.
US market close: Stocks fall as tech slumps and bitcoin drops below $90,000; Dow sheds nearly 500 points, S&P logs longest losing streak since August
US stocks fell on Tuesday as tech shares dropped and Bitcoin went below $90,000. The Dow lost nearly 500 points, and the S&P 500 continued its longest losing streak since August. Investors watched Nvidia earnings and big tech stocks closely. Small-cap stocks performed better, while Home Depot and other companies saw share declines amid earnings worries.
Cloudflare stock falls after network outage affects millions of users across X, ChatGPT
Cloudflare stock fell nearly 3% to around $193 after a major outage hit early morning and disrupted access to ChatGPT, X, and several apps. The stock slipped from levels near $200 and erased about $1.8 billion in market value as investors reacted to reliability concerns. The outage started around 6:40 a.m. ET and was fixed by 9:42 a.m. ET, according to company disclosures. Trading stayed volatile as markets weighed the impact of the network failure on Cloudflare’s infrastructure credibility and future customer confidence.
Cloudflare restores services after outage impacts thousands of internet users
The company said the outage that began around 6.30 a.m. ET was caused by an automatically generated configuration file, designed to manage potential security threats.
Cloudflare crash hits X and ChatGPT — is your data safe? was it a breach? Cloudflare confirms a surge in unusual traffic behind the major outage
Cloudflare down: Cloudflare confirms a surge in unusual traffic behind the major outage. The disruption began around 6:20 a.m. ET. Users across the U.S. saw login failures and server errors. X logged more than twenty thousand outage reports. ChatGPT also faced large-scale access issues. Cloudflare says the incident came from internal service degradation, not a breach. Early checks show no evidence of data leaks. Systems struggled to route traffic. Restoration started after 8:45 a.m. ET. Users are advised to monitor accounts as services stabilize.
Cloudflare outage today impacts crypto: Toncoin, Arbiscan, BitMEX, DefiLlama are down - here's what happened
Cloudflare down: A widespread Cloudflare outage on Tuesday caused significant disruptions, rendering several crypto platforms like Toncoin and Arbiscan, along with popular websites such as X (Twitter) and DefiLlama, temporarily inaccessible due to widespread 500 errors. Cloudflare acknowledged the issue and is actively investigating and working on a fix for the widespread service disruption.
US stock market ends the October on a strong note — How did the S&P 500, Nasdaq and Dow perform? Here’s the top gainers and losers on Wall Street
US stock market today surged as Amazon shares jumped 9.6% after reporting Q3 revenue of $180.2 billion and 20% growth at AWS. The Nasdaq rose 0.61% to 23,724.96, the S&P 500 climbed 0.26% to 6,840.20, and the Dow added 40.75 points to 47,562.87. AI-linked names rallied with Palantir up 3% and Oracle up 2.2%. Netflix gained 2.7% on a 10-for-1 stock split and Tesla advanced 3.7%. October ended with the S&P 500 up 2.3%, Nasdaq +4.7% and the Dow +2.5%.
U.S. stock market futures today surge as AI optimism drives Dow, S&P 500, Nasdaq higher – Tesla, Nvidia, AMD lead rally
U.S. stock futures rose Friday morning after Wall Street recorded record highs on Thursday. Tech and AI stocks drove the gains, helping investors look past concerns about the government shutdown. The three major U.S. indexes reached record closing levels on Thursday. Gains in Nvidia pushed the tech-heavy Nasdaq to new highs. Despite the government shutdown entering its third day, investors are focusing on strong earnings and AI optimism to guide trading.
US stock market futures plunge as Trump’s sweeping global tariffs spark market panic — Dow, S&P 500, Nasdaq all tumble in early trading
US stock market futures dropped nearly 1% after President Donald Trump announced sweeping new tariffs on imports from 92 countries, triggering fresh concerns over inflation, trade retaliation, and supply chain disruptions. The move, which includes a sharp hike in tariffs on Canadian goods from 25% to 35%, rattled global markets and sent major indices like the Dow Jones, S&P 500, and Nasdaq lower. The sudden tariff escalation, paired with mixed earnings from Amazon and Apple and the looming U.S. jobs report, has heightened market uncertainty. Investors are now watching for ripple effects across sectors and global economies.
US stock market: S&P 500, Nasdaq climb as strong earnings offset slowdown worries, Fed meeting in focus
US stock indexes rose with Exxon and Intel's strong earnings reports counterbalancing Amazon's slowdown, while economic data cemented predictions of a Federal Reserve interest-rate hike. In Q1, Exxon Mobil's gas and oil output helped to record profits and Intel said that it expects gross margins to improve later in 2021, indicating growth by 4.7%. Amazon’s stock fell by 3.6% despite better-than-expected results after it warned that cloud-computing growth would slow; consumer discretionary indexes also fell. Colgate-Palmolive, a consistent price hike investor, raised its annual organic sales forecast, leading to its share jumping 3%.
Ukraine's tech diaspora races to mobilize Silicon Valley in war with Russia
They are seeking, through email campaigns and online petitions, to persuade firms such as internet security company Cloudflare Inc, Alphabet Inc's Google and Amazon.com Inc to do more to counter Russia's invasion of Ukraine.
India’s first non-veg unicorn; Facebook outage explained
Licious has raised $52 million in a funding round led by IIFL Asset Management's private equity fund at a valuation of just over $1 billion. This makes it the first direct-to-customer company and the first meat delivery startup in India to join the unicorn club.
There’s no end in sight for the US IPO frenzy
Paul Donahue, Morgan Stanley’s head of equity capital markets for the Americas, expects that IPOs will remain busy in the third quarter and beyond.
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