Why Cloudflare Rallied Today
Meta's new Muse agent could turbocharge web traffic and Cloudflare's revenue.
Overview
Shares of Cloudflare (NYSE: NET) rallied on Wednesday, up 10.5% on the trading day.
While Cloudflare didn't report any company-specific news today, investors may be appreciating it as an ancillary beneficiary of Meta Platforms' (NASDAQ: META) new Muse AI agent.
Details
Muse was introduced late yesterday, and Meta stock is rallying today. However, Cloudflare rallied even more, as it provides low-latency, distributed, secure computing infrastructure and should therefore be an ancillary beneficiary, as it will handle increased edge computing demand from personalized consumer agents going forward.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.