Health Catalyst and F5 Slide as AI Sell-Off Intensifies; Fed Rate Cut Outlook Shifts

Afternoon trading saw broader selloffs as investors grew more selective in the AI-driven rally. The Nasdaq fell 1.5%, with the S&P 500 and Dow also down. A stronger-than-expected U.S. jobs report—non-farm payrolls rising and unemployment falling—delayed the first potential Fed rate cut to July, shifting the present value of future earnings and pressuring growth sectors. Health Catalyst (HLTH) posted a 18.9% YTD decline, trading at $1.85 per share, 66.7% below its February 2025 52-week high of $5.55. The stock dropped 8.4% on Feb 9 amid AI-related sector-wide dislocation, with the Magnificent Seven and S&P IT sector down nearly 3% on the same day. A $1,000 investment made five years ago is worth $34.46 today.