本文来自微信公众号：APPSO （ID：appsolution），作者：APPSO，题图来自：AI生成 没人喜欢被白嫖，整个互联网都一样。 就在昨天，互联网基础设施巨头 Cloudflare 宣布了一项新举措：默认拦截所有未经许可的 AI 网络爬虫（crawler）对网站内容的抓取。换言之，AI 公司想 要抓取网页数据训练模型，必须先征得网站所有者的同意，否则将被挡在门外。 这一系列举措无疑在业界引起震动——对于需要全网搜刮数据的大模型开发厂商来说，免费任吃、数据不要钱的好日子，或许没几天可过了。 从 7 月初开始，每一个新接入 Cloudflare 的站点都会被询问是否允许 AI 爬虫访问，其默认设置为拒绝，这等于给网站赋予了一键封禁 AI 抓取的权力。同 时，Cloudflare 还推出了"按次付费爬取"的新模式，网站出版商可以选择向 AI 爬虫收取抓取内容的费用。 版权的战争打了这么久，凭什么这家公司一出声，就变成大事了？ 因为这是Cloudfare，这是真正的互联网"保安"。 验证码变形记：Cloudflare如何拦住AI爬虫 要理解 Cloudflare 此举的意义，先得弄清它究竟在做什么。 传统的 ...

Core Insights - The Internet is transitioning from a search-driven model to an AI-driven model, indicating a significant shift in how users interact with online content and services [1]. Company Insights - Cloudflare, led by CEO Matthew Prince, is positioned within this evolving landscape, suggesting potential growth opportunities as the demand for AI-driven solutions increases [1].

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of NET Power Inc. related to misleading statements about Project Permian [1][2] Group 1: Allegations of Misrepresentation - Insiders at NET Power allegedly caused the company to misrepresent the likelihood of completing Project Permian on schedule, indicating it would be significantly more expensive due to supply chain issues and site-specific challenges [2] - Projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, suggesting a significant negative impact on the company's business and financial results [2] - Public statements made by NET Power were materially false and misleading at all relevant times, according to the federal securities lawsuit [2] Group 2: Shareholder Actions - Shareholders who purchased NPWR shares prior to June 9, 2023, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights [3] - Kuehn Law offers to cover all case costs and does not charge investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4]

Core Viewpoint - Cloudflare will block AI crawlers from accessing content without website owners' permission or compensation by default, impacting AI developers' ability to train their models [1][3]. Group 1: Cloudflare's New Policy - Starting Tuesday, new web domains signing up to Cloudflare will be asked if they want to allow AI crawlers, giving them control over data scraping [2]. - This move builds on a tool launched in September last year that allowed publishers to block AI crawlers with a single click, now making it the default for all websites [6]. Group 2: Impact on AI Development - Approximately 16% of global internet traffic goes through Cloudflare's CDN, indicating its significant role in online content delivery [3]. - AI crawlers have been accused of depriving publishers of traffic and revenue by collecting data without directing users to original sources [5]. - If effective, this development could hinder AI chatbots' ability to harvest data for training, potentially impacting the viability of AI models in the long term [8]. Group 3: Industry Reactions - OpenAI declined to participate in Cloudflare's plan, arguing that it adds a middleman to the system [6]. - AI crawlers are viewed as invasive and have been criticized for overwhelming websites and affecting user experience [7].

Group 1: Tesla Overview - Tesla's stock has underperformed, returning only 31% over the last three years, lagging behind the S&P 500 by 23 percentage points [2] - The company has lost its market leadership in battery electric vehicles (BEVs), now ranking behind Chinese automakers BYD and Geely [4] - First-quarter revenue for Tesla dropped 9% to $19.3 billion, with non-GAAP net income falling 40% to $0.27 per diluted share due to a 13% decline in deliveries [4][5] Group 2: Tesla's Challenges - Management attributed the drop in deliveries to factory updates that temporarily limited Model Y production, but the company continues to lose market share [5] - Sales in May fell 11% in the U.S., 28% in Europe, and 15% in China, likely due to an aging lineup of expensive cars and CEO Elon Musk's political involvement [5] - Tesla's robotaxi initiative is in early stages, with only about 20 robotaxis currently operational, but Musk anticipates "hundreds of thousands" by the end of 2026 [6][8] Group 3: Cloudflare Overview - Cloudflare is a connectivity cloud offering application, network, and security services, recognized as a leader in several markets [10][11] - The company reported a 27% increase in revenue to $479 million in the first quarter, with customer growth of 27% to 250,819 [12] - Cloudflare's platform is well-positioned to benefit from increasing demand for AI infrastructure, with a 4,000% increase in Workers AI inference requests over the past year [13] Group 4: Cloudflare's Valuation - Wall Street estimates Cloudflare's earnings will grow at 21% annually through 2026, leading to a current valuation of 258 times earnings, which is considered expensive [14] - Despite beating consensus earnings estimates by an average of 13% over the last four quarters, the stock remains pricey even if this trend continues [14]

Core Insights - Cloudflare Inc (NYSE:NET) shares have increased by 0.7% to $195.32, reaching a three-year high of $196.20, supported by the 20-day moving average [1] - The stock has gained 135.7% year-over-year and 81.4% year-to-date in 2025, indicating a strong upward trend [1] - A historically bullish signal is currently present, suggesting continued momentum in the stock's performance [1] Volatility and Price Movement - The recent peak in Cloudflare's stock price coincides with low implied volatility, as indicated by a Schaeffer's Volatility Index (SVI) of 37%, which is in the 15th percentile of its annual range [2] - Historically, similar conditions have led to an 80% chance of the stock rising one month later, with an average increase of 11.3% [2] - A similar upward movement could push the stock price above $217 for the first time since 2021 [2] Analyst Sentiment - Despite a generally bullish outlook among analysts, there remains some pessimism, with 13 out of 31 firms rating the stock as "hold" or worse [4] - The 12-month consensus target price is $159.83, representing an 18.1% discount to current levels, indicating potential for price-target increases [4] Options Trading Potential - Investors looking to capitalize on Cloudflare's potential price increase may consider options trading, as the Schaeffer's Volatility Scorecard (SVS) ranks high at 80 out of 100 [5] - This high score suggests that the stock has historically exceeded volatility expectations, which is advantageous for options buyers [5]

Group 1 - The individual has a background in mechanical engineering and transitioned into a quantitative analyst role within a major insurance company's investment arm [1] - The investment arm has consistently outperformed industry averages and ranks among the top global asset managers in fixed income markets [1] - There is a particular interest in fixed-income and technology equities [1]

Core Insights - Cloudflare (NET) is significantly enhancing its portfolio with artificial intelligence (AI) initiatives, reporting a year-over-year increase of 4,000% in Workers AI inference requests and 1,200% in AI Gateway requests in Q1 fiscal 2025 [1][10] Group 1: AI Initiatives and Solutions - Cloudflare is integrating AI across its infrastructure and security suite, launching the Model Context Protocol server to facilitate AI agent deployment, which could enhance upsells and customer acquisition [2] - The introduction of Cloudflare for AI aims to help businesses adopt AI responsibly, featuring Data Loss Prevention for AI and a fully-managed vector database for semantic search [3] Group 2: Customer Growth and Revenue Projections - The company had 250,819 paying customers at the end of Q1 fiscal 2025, reflecting a 27% year-over-year increase, with 30 new customers contributing over $100,000 in annual revenues [4] - For fiscal 2025, Cloudflare anticipates revenues between $2.09 billion and $2.094 billion, indicating a year-over-year rise of 25.38% [5] Group 3: Competitive Landscape - Cloudflare faces competition from Amazon Web Services (AWS) and Alphabet, with AWS offering similar serverless computing and AI inference services [6][7] - The company's AI initiatives position it against major cloud hyperscalers, attracting enterprises due to better performance and lower development costs [8] Group 4: Stock Performance and Valuation - Cloudflare's shares have increased by 73.2% year-to-date, outperforming the Zacks Internet - Software industry's growth of 15.4% [9] - The company trades at a forward price-to-sales ratio of 27.42X, significantly higher than the industry's average of 5.8X [11] Group 5: Earnings Estimates - The Zacks Consensus Estimate for NET's earnings in 2025 and 2026 implies year-over-year growth of 5.33% and 31.64%, respectively, although estimates have been revised downward recently [12]

Core Insights - The article emphasizes the importance of exploring lesser-known tech stocks for investment opportunities, highlighting companies with significant growth potential outside of the major players like Apple and Microsoft [2][3] Group 1: Company Highlights - **DoorDash**: The company has expanded its advertising services with AI-powered tools to help businesses enhance their presence on the platform. It also acquired the adtech platform Symbiosys to improve advertising across multiple digital channels [5][6][7] - **Sea Limited**: This Singapore-based company operates in digital entertainment, e-commerce, and financial services, reporting a revenue of $4.8 billion in Q1, up 29.6% year-over-year, and profits of $2.2 billion, up 43.9% [9][10] - **Airbnb**: The platform has facilitated over 2 billion stays since its inception in 2007, and despite recent growth slowdowns, it continues to show solid performance, with notable investment from Ark Invest [11][12] - **Coinbase Global**: The platform manages $328 billion in assets and has a quarterly trading volume of $393 billion, positioning itself as a key player in the cryptocurrency market [13][14] - **Snowflake**: The cloud-based data platform reported $1 billion in revenue in Q1, up 26% year-over-year, and estimates its market opportunity will grow from $170 billion in 2024 to $355 billion by 2029 [15][16] - **Robinhood Markets**: The platform manages $255 billion in assets, up 89% from the previous year, and serves 25.9 million customers, reflecting a 7% increase [17][18] - **Marvell Technology**: The company reported a record revenue of $1.89 billion in Q1, driven by increased demand for AI infrastructure [19][20] - **Cloudflare**: The cybersecurity company operates a massive network with servers in 330 cities and 125 countries, capable of reaching 95% of the global population within 50 milliseconds [21][22] - **Block**: Formerly known as Square, the company has evolved to focus on blockchain and Bitcoin, offering various financial services including Bitcoin mining and wallets [23][24]

In the latest close session, Cloudflare (NET) was up +2.55% at $183.87. The stock outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%. Prior to today's trading, shares of the web security and content delivery company had gained 13.45% outpaced the Computer and Technology sector's gain of 2.53% and the S&P 500's gain of 0.5%.The investment community will be paying close attention to the earnings performance of Cloudflare in ...