Jim Cramer highlighted the increasing web traffic generated by AI agents, which is creating a demand for companies like Cloudflare, Akamai Technologies, and Fastly that support internet performance. These companies have seen substantial stock price increases this year, with Cloudflare up 78% and Akamai gaining 22%, both outperforming the S&P 500's 12% rise.
Cramer noted that Cloudflare has become a major player, with AI traffic surpassing human traffic on its network. However, he advised caution with Cloudflare's high valuation of 279 times expected earnings.
In contrast, Akamai's recent partnership with Anthropic, which involves an $11.6 billion commitment for computing capacity, positions it well for future growth, and Cramer sees it as a buying opportunity at less than 16 times expected earnings.
Fastly is also adapting to the AI landscape but is currently trading at a higher valuation of 50 times expected earnings, leading Cramer to recommend waiting for a better entry point. Overall, Cramer emphasized that Akamai is the most compelling investment option among these companies at this time