NET - 1 Reason to Sell Fastly Stock
2024-03-14 07:10:00 ET
Fastly (NYSE: FSLY) is having all sorts of trouble figuring out how to grow within an industry that's booming. The edge computing market is expected to expand by nearly 37% annually through 2030. Beyond content delivery and security, the artificial intelligence boom could turbocharge the industry as customers look to run AI models as close to users as possible.
While there's certainly a viable growth story for Fastly, there's one good reason to run away from the stock.
The 800-pound gorilla of the edge computing market is Cloudflare (NYSE: NET) . As Fastly has struggled to grow, Cloudflare has had little trouble winning new customers.
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1 Reason to Sell Fastly Stock