Investors have been buying artificial intelligence (AI) stocks hand over fist, which helps explain why shares of Cloudflare (NYSE: NET) have shot up an impressive 40% in the past three months. And the company's latest quarterly results suggest that its red-hot rally is here to stay.

Cloudflare stock shot up 20% the day after it released its fourth-quarter and full-year 2023 results on Feb. 8. Investors liked the company's better-than-expected numbers and the solid outlook that points to robust growth ahead.

Let's take a closer look at Cloudflare's latest results and see how AI is having a positive impact on the company's growth.

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Source Fool.com