Cloudflare (NET) shares rose sharply on May 5, 2026, amid growing optimism for the artificial intelligence sector.
The rally followed a Q1 2026 earnings report from peer company DigitalOcean. DigitalOcean reported a 221% increase in AI customer revenue. This performance boosted investor confidence that AI adoption is expanding to edge infrastructure providers.
Investors are now looking ahead to Cloudflare’s own Q1 earnings report on May 7.
Separately, Cloudflare announced its designation as a Leader in The Forrester Wave™: Edge Development Platforms, Q1 2026. The report highlighted Cloudflare’s significant investments in AI application development.