Cloudflare, Inc. (NET) shares surged 14.16% during intraday trading on Tuesday, extending a multi-session rally driven by investor excitement over the company's potential role in the emerging AI agent market.

The significant gain follows a wave of online buzz surrounding Clawdbot (later renamed Moltbot), an open-source AI agent built on Anthropic's Claude. The agent, which runs locally on devices and performs autonomous tasks, trended on social media and garnered thousands of GitHub stars over the weekend. Analysts and investors view Cloudflare as a key infrastructure beneficiary, or "picks-and-shovels winner," of this "agentic AI" trend, as its global edge network provides the secure, low-latency infrastructure required for such applications.

Developers are reportedly using Cloudflare Tunnels to securely host Clawdbot instances, highlighting the practical use of Cloudflare's services. While the technology is not expected to immediately impact financial results, it validates the company's strategic positioning. Cloudflare's CEO has previously stated that approximately 80% of leading AI companies rely on its infrastructure, reinforcing the bullish sentiment that AI agents will inherently depend on Cloudflare's network as they scale.