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Cloud Stocks: Microsoft Banks on Azure and Offers Buyouts to a Third of Workforce

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

Will Alphabet’s TPUs Offset its Declining Search Business?

Alphabet (Nasdaq: GOOG) recently announced its third quarter results that failed to meet market expectations. The performance sent the stock tumbling 13%, the worst drop since it went public in 2004.

Everpure’s AI-Focused Product Strategy Pays Off

AI is fueling the need for data centers that are replacing traditional hard drives with high-speed flash storage. Storage and data management player Everpure (NYSE: P), formerly known as Pure Storage, is riding this boom. The stock has climbed more than 80% year to date.

Analysis of Adobe’s Topaz Labs Acquisition

Adobe’s (NASDAQ: ADBE) stock has had a tough run this year as the market continues to worry about how Adobe competes with AI’s growing capabilities. The company is addressing the concern through acquisitions and product development. Its recent quarterly results remain impressive but have failed to drive the stock value upwards.

ServiceNow’s AI Focused Cybersecurity Growth

For the last reported second quarter, ServiceNow (NYSE:NOW) surpassed market expectations. Its outlook, however, failed to impress the market. The company continues to accelerate on its AI offerings as it looks to expand beyond traditional workflow solutions to establishing itself within the cybersecurity market.

Salesforce Wants to Accelerate AI Adoption with Fin Acquisition

Salesforce’s (NYSE: CRM) continues to up the ante on AI through acquisitions. The market keeps projecting a SaaSocalypse for Salesforce, but so far the company’s financial performance has been outstanding. Earlier this summer, Salesforce also announced its biggest acquisition of the year, its fourth largest to date.

Analysis of Cloudflare’s Acquisitions

Cybersecurity player Cloudflare (NYSE: NET) has announced stellar quarterly results riding on the AI adoption tailwinds. Like others in the industry, Cloudflare too has been consolidating niche capabilities through acquisitions.

Analysis of ZScaler’s Symmetry Systems Acquisition

AI adoption across markets is driving growth within the cybersecurity industry. Earlier this week, cybersecurity player ZScaler (Nasdaq: ZS) announced its quarterly results that outpaced all market expectations. However, a cautious outlook to the year ahead did not bode well with the market sentiment, and early trading sessions post the results announcement saw the stock go down 2%.