Okta, Datadog, Palantir, Zscaler and Elastic fall on fears over how AI will be financed
FROM THE WIRE · FINANCE.YAHOO.COM
What Happened? A number of stocks fell in the afternoon session after investors shifted their focus from what AI technology can do toward concerns over how companies will finance it. Driven by these escalating AI funding fears and elevated interest rates, CNBC noted that a…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA rotation out of the tech sector erased over $1 trillion from AI and semiconductor stocks, with effects on interest rates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Software stocks fell in the afternoon session.
- 02Investors shifted focus from what AI can do to how companies will finance it.
- 03According to CNBC, safe-haven demand temporarily outweighed inflation fears.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Datadog, Inc.247.11 USDMarket closedtoday -7.19%Negative Elastic N.V.91.74 USDMarket closedtoday -5.66%Negative Okta, Inc.187.26 USDMarket closedtoday -10.20%Negative Palantir Technologies Inc.186.03 USDMarket closedtoday -7.22%Negative Zscaler, Inc.207.38 USDMarket closedtoday -5.92%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets