Cloud Stocks: Workday Wants AI to Reimagine End to End Business Processes

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its second quarter results that surpassed market expectations. The better-than-expected earnings outlook sent the stock soaring 12% in the after-hours trading session.

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Cloud Stocks: Salesforce Preps to Enter Veeva’s Territory

Veeva (NYSE: VEEV) recently announced its quarterly results that continued to impress the market. Vault CRM continues to remain the buzz word for Veeva as Salesforce gears up for more direct competition with it.

Cloud Stocks: Tempus AI Eyes Expansion in Japan

Recently listed Tempus AI (Nasdaq: TEM) announced their first results since it went public. The company announced a strong performance driving its stock upwards.

Cloud Stocks: Analysis of Salesforce’s Tenyx Acquisition

Recently, Salesforce (NYSE: CRM) announced its second quarter results that beat the market expectations and helped the stock climb 4% in the after-hours trading session. The company remains focused on AI, and recently announced the acquisition of Tenyx to continue to add to its AI portfolio.

Cloud Stocks: NVIDIA Still On a Roll Amid Rising Competition

NVIDIA (NASDAQ: NVDA) last week reported its second quarter results which beat all estimates. However, after three straight quarters of revenue growth above 200%, its growth of 122% seems a tad disappointing and its shares fell 8% in extended trading. This is a slight pullback after an astronomical rally following the AI boom. Its stock has zoomed over 750% since 2023 and 150% this year.

Cloud Stocks: MongoDB Builds on Atlas’ Capabilities

MongoDB (Nasdaq: MDB) reported its second quarter results earlier this week that surpassed market expectations. The company continues to invest in AI tools and capabilities that are helping drive the adoption of Atlas.

IPOs 2024: Astera Labs Benefits from the AI Boom

According to a recent market report, the global Artificial Intelligence market is expected to grow 37% annually over the next few years to reach $2.75 trillion by 2032 from $177 billion in 2023. This is also propelling the growth of AI infrastructure companies. One such player is Astera Labs (NSDQ: ALAB) that listed recently and has seen its stock soar.

IPOs 2024: Reddit Explores Monetizing Through Data Licensing

Social engagement player Reddit (NYSE: RDDT) finally went public earlier this year. Reddit had been eyeing a listing for a while and had filed an S1 in 2022. But the market conditions delayed the listing. The recent listing appears to be doing well so far.

Cloud Stocks: Twilio Builds on Segment Acquisition

Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its second quarter results that outpaced market expectations. The impressive outlook for the coming quarters sent the stock soaring 7% in the after-hours trading session.

Cloud Stocks: Amazon Sees Great Demand for its Gen AI Chips

Amazon (NASDAQ: AMZN) recently announced its second-quarter results that missed market expectations on revenue. Its stock tumbled on its revenue miss and weak outlook.