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. 

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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.

Cloud Stocks: NVIDIA Focuses on AI-driven Growth

According to Nvidia’s (Nasdaq: NVDA) research, the artificial intelligence (AI) chips and software industry is a $600 billion market opportunity. The rapidly growing demand for AI technology is accelerating Nvidia’s growth. The company recently announced strong quarterly results. Nvidia itself is also playing a significant role in the development of the technology.

CaratLane’s Sparkling Success Story

According to a recent report, the Indian gem and jewelry market is expected to grow at 21% CAGR from $37.25 billion in 2022 to reach $144.4 billion by 2029. Traditionally, the Indian jewelry market was dominated by family-owned stores that catered to regional markets. Over the past few years, though, there has been a significant infusion of technology in the space that has led to the growth of more modern corporate houses selling both through physical stores and e-channels. Chennai-based CaratLane is one such successful story.

Cloud Stocks: Veeva Sees Strong Product Adoption

According to a recent report, the global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its quarterly results that continued to impress the market. The company is focusing on driving adoption of its products as it migrates away from the Salesforce CRM to its own solution.

Cloud Stocks: Salesforce Grows its AI Partner Network

Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. Its growth rate has slowed down, but the market remains impressed with it as it continues to invest in emerging technologies.

Cloud Stocks: Nutanix Continues to Impress

Enterprise cloud computing player Nutanix (Nasdaq: NTNX) recently announced its fiscal year results that outpaced market expectations. The company’s strong performance and guidance helped drive the stock 15% higher in the after-hours trading session.

SoftBank Plans on Taking Arm Public

The IPO season appears to be gaining momentum. Recently, semiconductor provider Arm filed its F1 as it prepares to go public next month.