Cloudflare is trading at $356.24, up 4.20%, as technology stocks rebound amid easing AI-growth concerns.
- Reports that OpenAI expects to meet or exceed its $70 billion year-end annualized revenue target helped ease AI-growth concerns.
- Major indexes are also higher, supporting a wider risk-on backdrop.
- Oppenheimer’s raised price target and JPMorgan’s positive software outlook add analyst context, but available coverage does not establish either as the direct cause of the move.