The stock market dropped sharply on Thursday as escalating tensions and threats to block the Strait of Hormuz heightened market uncertainty. Crude oil prices surged toward $100 per barrel, fueling concerns about rising inflation and potentially delaying expected Federal Reserve rate cuts.
Overall, S&P 500 tumbled 1.5% to 6,673, while NASDAQ fell 1.8% to 22,312.
Chart of the Day
Here is the one-year chart of Cloudflare (NET) as of February 16, 2026, when the stock was at $196.
Website delivery network Cloudflare (NET) has seen accelerated revenue growth the past year.
Last quarter, Cloudflare delivered 47% profit growth on 34% revenue growth. Revenue has climbed from 27% to 28%, 31% and now 34% in the past four quarters.
Management stated AI is driving a paradigm shift in how software is both created and consumed, and that is turning out to be the biggest tailwind for Cloudflare’s network and Workers developer platform. AI agent activity on its network more than doubled in January alone. With over 20% of the web running through Cloudflare, the company’s massive scale is becoming its moat and is opening new growth opportunities across the platform.
Cloudflare is a core player in the architecture of the internet. NET is part of our Growth Portfolio. It’s a buy-and-hold stock for me.
