QQQ sheds 1.33% and trails SPY as Cloudflare disruption and AI investment mark the session

QQQ declined 1.33% and SPY fell 0.86%, leaving QQQ behind by 0.47 percentage points. Both ETFs opened lower, reached their session lows around midday and recovered part of the drop before weakening again after hours. A Cloudflare outage, Gemini 3 details, Fed commentary, the Microsoft-NVIDIA-Anthropic partnership and a Saudi investment announcement provided the main session context.