Jim Cramer Questions Drop in Cloudflare's Share Price Despite Strong Earnings
Cloudflare (NYSE:NET) experienced an unexpected 23.6% drop in share price on May 8, 2026 following a strong Q1 earnings report and announcement of layoffs driven by AI efficiency gains. Jim Cramer expressed confusion over the market's negative reaction to what he viewed as positive developments.
Tickers: $NET
Topics: ai cloudflare jim cramer layoffs share price drop