Cloudflare, Inc. (NET) stock soared 5.01% during intraday trading on Tuesday, driven by growing investor optimism around the company's role in artificial intelligence infrastructure.
The surge is linked to Cloudflare's position at the center of a surge in AI workloads, as the company provides the foundational infrastructure for AI agents. This AI tailwind is seen as a significant growth driver, potentially larger than some investors realize, contributing to the bullish sentiment and the stock's sharp upward move.
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