World's leading technology company Cloudflare has shown slow growth in a recent stock market update.

Cloudflare shares tumbled more than 15% in premarket trading on Friday, after its quarterly revenue forecast disappointed investors who had bet the stock would be a major beneficiary in the race to adopt artificial ‌intelligence.

The networking and cybersecurity services provider will also lay off about 20% of staff due to greater use of AI tools, a move that Jefferies said could hurt near-term growth.

Following a 43% rally since its last quarterly........

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