This Artificial Intelligence (AI) Cloud Stock Has Shot Up 55% in 2025. Can It Still Soar Higher?
Shares of Cloudflare (NYSE: NET) have shot up impressively so far this year, logging gains of 55% thanks to fast-growing demand for the company's artificial intelligence (AI)-focused offerings.The company, which is primarily known for its content delivery network (CDN) that secures internet connections along with improving the performance and reliability of websites and applications, has been deploying graphics processing units (GPUs) across its network over the past year and a half. These GPUs enable Cloudflare customers to run AI workloads in the cloud.The good news is that this move has been positively impacting the company's growth. The impact of AI on Cloudflare's growth was evident in the company's fourth-quarter 2024 results, which were released on Feb. 6 and led to an 18% spike in its stock price.Continue reading
Shares of Cloudflare (NYSE: NET) have shot up impressively so far this year, logging gains of 55% thanks to fast-growing demand for the company's artificial intelligence (AI)-focused offerings.
The company, which is primarily known for its content delivery network (CDN) that secures internet connections along with improving the performance and reliability of websites and applications, has been deploying graphics processing units (GPUs) across its network over the past year and a half. These GPUs enable Cloudflare customers to run AI workloads in the cloud.
The good news is that this move has been positively impacting the company's growth. The impact of AI on Cloudflare's growth was evident in the company's fourth-quarter 2024 results, which were released on Feb. 6 and led to an 18% spike in its stock price.
