From Nasdaq:

Shares of Cloudflare (NET) have soared by 40% in the past three months due to investor interest in AI stocks. The company reported a 32% increase in revenue to $362 million for the fourth quarter of 2023, exceeding estimates. Their annual revenue also saw a substantial jump, and they ended 2023 with 189,000 paying customers. In addition, Cloudflare’s launch of Workers AI has seen impressive results, with daily requests increasing 9x in the last few months. The company aims to deploy AI GPUs across its network, signaling its presence in the fast-growing AI-as-a-service market and expects its 2024 revenue to jump 27% to $1.65 billion.



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