Cloudflare Stock Soars in Premarket Trading Following Positive Investor Sentiment Around Clawdbot AI Agent

Cloudflare’s shares surged 13% in premarket trading on Tuesday, fueled by social media buzz surrounding its AI agent, Clawdbot, which gained thousands of GitHub stars. This rise follows a 9.6% increase on Monday, as anticipation builds ahead of the company’s earnings call on February 10. Clawdbot, built on Anthropic’s Claude platform, showcases Cloudflare’s evolution in “agentic AI” technology, designed to perform tasks autonomously, rather than merely responding to prompts. Analysts predict increased web traffic and API calls will benefit Cloudflare due to its efficient edge network. Over the past five days, the stock has risen 21.14%, currently trading at $216.50. Meanwhile, DigitalOcean’s shares also rose 8%, recognizing its potential role in AI technologies. Cloudflare’s partnership with Coinbase will develop an AI payment protocol, enhancing automated transactions across the digital landscape. The firm continues to expand its services to facilitate agentic e-commerce through collaborations with major payment providers.

Source link