Cloudflare Exceeds Expectations with AI and Network Growth, Eyes Over $200B Market
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Cloudflare's revenue and earnings exceeded expectations in Q4 2023 due to increased customer spending and growth.
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The company sees a $164B addressable market in 2024, growing to $204B in 2026, with AI presenting an opportunity.
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Cloudflare's new Workers AI platform saw 9x increase in daily requests from Sept to Dec 2023.
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The company aims to deploy inference-tuned GPUs in nearly every city on its global network.
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Cloudflare forecasts 27% revenue growth in 2024 and analysts expect 62% bottom line growth annually over 5 years.