Cloud Stocks: Microsoft Begins Monetizing AI

Yesterday, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. The market was impressed, and the stock gained 4% in the after hours trading session.

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People.ai Leverages GenerativeAI to Make Selling Simple

According to a recent report, the generative AI market is expected to explode to reach $1.3 trillion by 2032 from a relatively modest $40 billion in 2022. The more than 40% annualized growth rate is expected to be driven by continued investments in large language models (LLMs), digital ads, and specialized software and services. Sales focused automation platforms such as People.ai are harnessing generative AI’s capabilities to improve the overall efficiency of sales teams globally.

Cloud Stocks: MongoDB Focuses on Verticalized Offerings

MongoDB (Nasdaq: MDB) recently reported its second-quarter results that blew past all market expectations. The market was pleased with its performance and sent the stock soaring 8% in the after-hours trading session.

Cloud Stocks: Klaviyo Tests the IPO Market

According to a recent report, the global marketing technology (MarTech) market is expected to grow at 20% CAGR through 2030 from $325.7 billion in 2022. Recently listed Klaviyo (NYSE: KVYO) is making its mark in the industry.

Analysis of Databricks’ AI Acquisitions

According to a recent report, the Data Science Platforms market is estimated to grow at 16% CAGR to reach $378.7 billion by 2030 from $96.3 billion in 2021. Databricks, a leading data analytics solution provider, is seeing strong growth as well and is gearing up to go public soon.

Cloud Stocks: Oracle Stumbles, but Remains Focused on AI

Oracle (NYSE: ORCL) recently reported its first quarter results that failed to impress the market. The miss in the revenue performance and outlook sent the stock falling 9% in the after-hours trading session.

Palo Alto Networks’ Growing AI Portfolio

The global cyber security market is projected to grow 14% annually from $172.32 billion in 2023 to $424.97 billion in 2030. Cyber security player Palo Alto Networks (NYSE: PANW) recently reported its quarterly earnings that outpaced the market expectations and sent its stock climbing 15% in the after-hours trading session. 

Cloud Stocks: Okta Not Worried by Macro Headwinds

Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its second quarter results that continued to outpace market expectations. The company improved its outlook for the rest of the year as well, sending the stock soaring more than 10% in the after-hours trading session.

Cloud Stocks: Adobe’s AI is Out for General Release

Adobe (NASDAQ: ADBE) recently reported its quarterly results that continued to outpace market expectations. Like most of the tech industry, Adobe is also focused on AI and recently graduated Firefly, its AI model, out of its beta release. 

Cloud Stocks: DocuSign Explores ID Verification Features to Counter Deep Fakes

According to a recent report, the global digital signature market is estimated to grow at 35% CAGR to reach $43.1 billion by 2030 from $5.25 billion in 2023. DocuSign (Nasdaq: DOCU) is a leading player in the market that is looking to cash in on this rapid growth.