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● Cloud and software names sold off on AI-spending concerns.
● A bookings shortfall and a cutRevenueoutlook drove the selling.
● The technology sector suffered one of its worst days of the year.
● The software selloff widened across the sector.
● The broader software sector was hit by worries over AI spending.
● The selloff followed Amazon and Intel results.
● It beat estimates and topped the company's own forecast.
● FreeCash Flowwas negative $9.1 billion against negative $3.5 billion expected.
● Intel's CEO said customers signaled a PC slowdown tied to memory prices.
● No news specific to Friday was found.
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