Posted 3/9/2024, 9:45:00 AM
Cloudflare and ServiceNow Poised to Ride AI Boom to New Heights
- The AI market is forecast to grow over 800% to $1.8 trillion by 2030, presenting a big opportunity
- Cloudflare and ServiceNow are well positioned to benefit from rising AI adoption
- Cloudflare powers 20% of internet traffic, giving it data to improve AI models for security and performance
- ServiceNow launched an AI assistant last year and is a leader in multiple IT software markets
- Both Cloudflare and ServiceNow have strong growth prospects but reasonable valuations based on future earnings potential