15 AI News Investors Shouldn’t Miss

9. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 44

Cloudflare, Inc. (NYSE:NET) is a cloud services provider that powers AI workloads through its Workers AI platform, enabling developers to deploy machine learning models at the network edge with low latency. On December 2^nd, Morgan Stanley upgraded Cloudflare, Inc. (NYSE:NET) from Equal-Weight to “Overweight” and raised its price target from $92 to $130. The firm sees idiosyncratic opportunities in companies with emerging product cycles, particularly those aligned with GenAI. Cloudflare, Inc. (NYSE:NET) is one company that has capabilities as a potential enabler of generative AI, particularly through its serverless platform Cloudflare Workers AI which puts it in a prime spot to capitalize on emerging trends in AI inference at the edge. The company stands in the limelight of the firm’s software coverage due to its large TAM (total addressable market), highly scalable network architecture, and emergence as a potential GenAI enabler as organizations looking to adopt and experiment with LLMs (large language models). It is well-positioned to gain a share in Security and AI/ML.