TD Cowen attributes the premarket rally in shares of Cloudflare (NET) to increasing awareness of the company’s role in AI infrastructure due to social media discussions related to an open source AI assistant built on Anthropic’s Claude model, Clawdbot. Following a weekend of online discussion around Clawdbot, investors appear to have associated the momentum behind the tool with Cloudflare’s infrastructure solutions commonly used to deploy and secure agents, the analyst tells investors in a research note. TD says the Cloudflare Tunnel allows developers to connect locally run tools such as AI agents on the internet without exposing their servers. The firm reiterates a Buy rating on the shares with a $265 price target The stock in premarket trading is up 13%, or $23.86, to $213.21.
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