AI market projected to reach $631 billion by 2028, Cloudflare poised for growth with AI offerings.

From Nasdaq: 2024-10-05 10:19:00

Market research firm IDC’s report reveals the global AI market is worth $235 billion, with projected spending reaching $631 billion by 2028. Cloudflare is now entering the AI market with its Workers AI platform, offering developers access to Nvidia GPUs to build edge AI networks. Cloudflare’s revenue is growing, poised for further growth with AI offerings. Analysts expect Cloudflare’s earnings to increase by 62% annually for the next five years. Cloudflare’s potential growth makes it an attractive investment opportunity.



Read more at Nasdaq: Artificial Intelligence (AI) Spending Is Set to Hit $631 Billion in 2028: 1 Magnificent Stock to Buy Right Now Before That Happens