Jim Cramer · Cloudflare · AI Agent · Anthropic · CNBC Technology
Cramer confirms only 1 is a buy right now
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CNBC's Jim Cramer said Thursday that the explosion of web traffic from AI agents is creating a new growth opportunity for companies that help keep the internet running smoothly.
Key facts
- Shares have surged 159% year to date, while Cloudflare has climbed 78% and Akamai has gained 22%
- CEO Matthew Prince told Cramer in June that traffic from AI agents had already surpassed human traffic on the company's network
- That strategy got a major vote of confidence last week when Anthropic made an $11.6 billion commitment to Akamai for added computing capacity over the next seven years
- But at roughly 50 times this year's expected earnings and with a history of sharp swings, Cramer recommends waiting for a better entry point
Summary
"One side effect of the AI revolution is that it's already creating an insane amount of web traffic and somebody needs to help us keep the internet running smoothly," the " Mad Money " host said. Cloudflare, Akamai Technologies and Fastly operate networks of servers that help manage digital traffic, making websites faster and more reliable. Cloudflare has emerged as a major beneficiary of that trend. Akamai recently announced an initiative to build a network of smaller data centers that can process AI workloads closer to users, reducing latency as the industry shifts from training models toward using them at scale.