CrowdStrike (CRWD) stock trades down, here is why

CrowdStrike (CRWD) stock trades down, here is why What happened? Shares of cybersecurity platform provider CrowdStrike (NASDAQ:CRWD) fell 2.5% in the morning session after software stocks extended the selloff from the previous session as investors continued to reprice valuations amid mounting artificial intelligence capital expenditure concerns and decelerating software bookings. Oracle filed to raise $20 billion in debt and equity, reigniting concerns over soaring artificial intelligence spending and cash burn.The selloff deepened after quarterly reports from Alphabet and Amazon highlighted soaring data-center outlays that compressed free cash flows, as reported by Bloomberg.