Cloud Stocks: Google Flexes its AI Muscle to Take on ChatGPT

Alphabet (Google) (Nasdaq: GOOG) recently reported its fourth-quarter results that failed to impress the market. Like other tech players, Google too is bracing for economic uncertainty while preparing to take on the growing power of ChatGPT.

Featured Videos

Meta Remains Focused on AR, VR Build-Outs

Earlier this week, Meta (Nasdaq: META) announced its fourth quarter results that finally reported a quarter better than what the market had predicted. It continues to focus on building on its emerging technologies of Metaverse along with augmented reality (AR) and virtual reality (VR).

Cloud Stocks: Analysis of IBM’s Octo Acquisition

Earlier last week, IBM (NYSE: IBM) announced its fourth quarter results that surpassed market expectations. Despite the economic uncertainty, IBM continues to build its prowess through acquisitions.

Cloud Stocks: ServiceNow has a Stellar Year

The tech industry may be preparing for worsening economic conditions, but one player seems to be above all these concerns. ServiceNow (NYSE:NOW) recently reported its fourth quarter results that continued to outpace market expectations. The company’s growth metrics were well above SaaS peers in FY22, and it is expected to maintain strong growth in the coming year. It did, however, fail to meet market expectations on the outlook.

Cloud Stocks: Microsoft Challenges Google with OpenAI Partnership

In the recent weeks, most technology companies have announced big cost containment measures. Microsoft (Nasdaq: MSFT) was no outlier, as it announced plans to lay off 10,000 workers. The recent second quarter results were not impressive either, as the company missed expectations and reported significant reduction in profits.

Netflix Focuses on Improving Monetization

Earlier last week Netflix (Nasdaq: NFLX) reported its fourth quarter results that failed to dazzle the market. The company has been experimenting with newer price tiers in attempts to improve monetization across its subscriber base.

Cloud Stocks: BlackLine Expands Product Line-up with AI and AR tools

According to a recent report, the global accounting software market is expected to grow at 8% CAGR to reach $38.08 billion by 2030. BlackLine (NASDAQ: BL) is targeting to grow in this market through several product upgrades that leverage its AI capabilities.

Cloud Stocks: Analysis of DigitalOcean’s Cloudways Acquisition

According to a recent report, the global serverless architecture is expected to grow at 25% CAGR over the next ten years from $9 billion in 2022. DigitalOcean (NYSE: DOCN) continues to grow inorganically to drive its market reach.

Cloud Stocks: Smartsheet Focuses on App Integrations

According to a recent report, the global enterprise collaboration market is expected to grow at 14% CAGR from $47.74 billion in 2022 to $92.41 billion by 2027. Work management platform provider Smartsheet (Nasdaq: SMAR) recently announced its third quarter results that exceeded market estimates.

Cloud Stocks: RingCentral Expands into Device as a Service

According to a recent report, the global Unified Communication as a Service (UCaaS) market is expected to grow at 14.5% CAGR to reach $85.7 billion by 2031. RingCentral (NYSE:RNG) recently announced its third quarter results that continued to surpass market expectations.