SAIL fell 4.8% in the first sharp move today as a broad risk-off move hit technology stocks. Amazon's planned AI spending and Intel's cash-burn warning deepened concerns about the cost and returns of the AI buildout, driving a sharp Nasdaq decline and a jump in volatility. source Identity-software peers also fell, including Okta, Oracle, and Microsoft, with no company news behind it.
SAIL fell 4.8% in the first sharp move today as a broad risk-off move hit technology stocks. Amazon's planned AI spending and Intel's cash-burn warning deepened concerns about the cost and returns of the AI buildout, driving a sharp Nasdaq decline and a jump in volatility. source Identity-software peers also fell, including Okta, Oracle, and Microsoft, with no company news behind it.