Cloudflare, Inc. shares moved sharply lower in premarket trading on Tuesday after a major outage disrupted some of the world’s most widely used internet platforms. According to multiple reports, apps including X, ChatGPT, PayPal, and Uber experienced widespread 500 errors tied to Cloudflare’s infrastructure.

Cloudflare outage hit major platforms and tech stocks, with Nvidia, AMD and others falling as Nasdaq slid 1.2% and AI ETFs dropped over 2%.

Nvidia and Microsoft unveil a massive AI partnership with Anthropic, Home Depot reduces its full-year sales outlook, and Cloudflare reports widespread outages.

Home Depot (HD) shares fell 4% after the home-improvement retailer reported disappointing third-quarter earnings and cut its full-year profit outlook. Cloudflare (NET) shares declined 3% after the web security company was affected by an outage that hit several prominent customers,

Cloudflare's stock fell on Tuesday after the internet infrastructure company experienced a significant outage that disrupted access to several widely used websites.

Cloudflare's revenue growth was above 30% YoY, defying a weak macro environment and benefiting from AI-driven demand. Read why I upgrade NET stock to Hold.

Cloudflare, Inc. (NYSE: NET) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer highlighted the company’s solid earnings and its potential to “get more profitable,” as he commented:

Cloudflare stock slipped as the internet service company suffered several hours of global outage. Here’s why NET shares are worth buying on the pullback today.