Here's Why Cloudflare Stock Gained 20.6% Last Month
Shares of Cloudflare (NYSE: NET) rose 20.6% in April, according to data from S&P Global Market Intelligence. The provider of website security and performance tools mainly rode the market's resurgent interest in growth stocks, but it also posted a big jump after it revealed a promising partnership with semiconductor giant NVIDIA (NASDAQ: NVDA).
Cloudflare's stock jumped as much as 14.5% on April 13, boosted by news of the NVIDIA deal. The two companies are giving app developers and corporate customers easy access to NVIDIA's high-powered artificial intelligence (AI) processors in Cloudflare's edge-computing centers around the world.
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Source Fool.com
