Cloudflare Stock Surges 10% Amid AI Agent Growth
Cloudflare shares jumped over 10% to $193.68 on Monday, fueled by weekend social media buzz around Clawdbot, an open-source AI agent built on Anthropic's Claude. The company's infrastructure is being Leveraged by developers to host and secure Clawdbot instances, with its AI Gateway supporting Claude for routing inference calls.
Wolfe Research highlights Cloudflare's edge network as a key beneficiary of scaling agentic tools, noting increased API calls and traffic. CEO Matthew Prince revealed that 80% of leading AI companies already rely on Cloudflare's services, positioning the company for direct revenue growth through its consumption-based Workers platform.