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Cloudflare shares jump 6% as cloud software stocks rebound, led by AI-driven growth prospects.

Market News
23 Oct 2026
24/7 Wall Street
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Bullish
Cloudflare shares jump 6% as cloud software stocks rebound, led by AI-driven growth prospects.

Cloudflare shares surged 6% amid a broader rally in cloud software stocks, outperforming peers like Datadog and Snowflake. The company benefits from increased AI-driven traffic, with over half of its network traffic now non-human, positioning it as key infrastructure for AI agents. Despite a Q2 restructuring charge and margin pressures, Cloudflare raised its 2026 sales outlook, signaling strong growth potential. Investors await Cloudflare's Q3 earnings report on November 5 to confirm if the momentum can continue, while Datadog's report on November 4 will also be closely watched.

Cloudflare's market cap stands at $108.11 billion, reflecting its significant presence in the cloud technology sector as of Oct 23, 2026 23:22 WIB. On Pluang, Cloudflare shares are up 6.18% with a trading volume of 4,792,076, showing active investor interest. Datadog and Snowflake also show gains, with Datadog up 5.07% and Snowflake up 1.68%, indicating a broad rally in cloud stocks.

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