Cloudflare, the most crucial infrastructure for AI agents, has a deep moat. Its AI-related businesses are growing rapidly, with its connectivity layer, security layer, and edge inference working in tandem. Layoffs are a major positive factor, and its financial statements are expected to turn positive this year. Currently, it's at a reasonably high price. A significant performance surge next quarter could warrant a long-term call. I've already bought in below $200; I bought it as soon as the research report was finished.