Stocks Soar as Cloud Computing Leader Powers Into AI
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A new bull market became official when the S&P 500 hit a record high in January 2024, meaning there is significant upside left for patient investors.
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Cloudflare is a fast-growing cloud computing company at the intersection of AI and cybersecurity trends. Its stock is up 433% in the last 5 years.
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Cloudflare operates the world's fastest cloud network and handles 20% of all internet traffic, giving it advantages in scale and speed.
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It aims to be a leader in AI inferencing and has launched Workers AI service for businesses to run AI apps efficiently.
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Cloudflare has strong presence in developer services, network security, and email security markets with significant room for continued expansion.