US18915M1071 - Common Stock
Jim Tierney at AllianceBernstein recently told Yahoo Finance that chipmakers like Nvidia were the first phase of the artificial intelligence (AI) trade. Numerous companies should benefit as the trend takes shape, but Cloudflare (NYSE: NET) is one investors may overlook because it receives less media coverage than the "Magnificent Seven" companies. Here's what investors should know about this cloud infrastructure stock.
On Friday, Workday stock saw an improvement in its IBD SmartSelect Composite Rating, up to 97 from 94 a day earlier.
Though NET's strong market position and growing customer base are encouraging, high valuation and slowing growth rates warrant caution.
Building a watch list? Focus on stocks with an 80-plus RS Rating. Fastly stock now meets that criteria, with a jump from 76 to 87 Monday.
There is still much to like in these fundamentally strong, high-quality stocks.
Cloudflare (NET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The rally in software stocks, led by Palantir stock, will continue in 2025, says a Jefferies analyst, amid improved earnings estimates.
SoundHound AI, SentinelOne, and Cloudflare are all potential multibaggers.