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Technology Stocks
Cloud Stocks: Symbotic Needs to Expand to New Customers
According to a market report, the warehouse automation market is expected to grow 16% annually to $115.8 billion by 2034. The market was pegged at $26.5 billion last year. The growth in the industry is driven by increasing adoption of robotics and AI to drive operational efficiency, cost savings, and speed of order fulfillment at warehouses. Symbotic (NASDAQ: SYM) recently announced a new product that is expected to meet those requirements.
>>>Cloud Stocks: Adobe Doubles Down on Agentic AI Strategy
Yesterday, Adobe (NASDAQ: ADBE) reported its quarterly results that were ahead of market expectations. The stock has not had a good run so far this year, having dropped 21% so far on worries that “AI is eating software”. Analysts believe that AI will make the infrastructure companies more valuable and SaaS companies will suffer. Adobe is addressing the concern by aggressively integrating AI features into its Creative Cloud products, developing its own generative AI platform called Firefly, and expanding into enterprise AI solutions.
>>>Cloud Stocks: Cloudflare is Experimenting with Managing AI Access to Content
Cloud infrastructure provider Cloudflare (NYSE: NET) recently announced its second quarter results that outpaced market expectations. This was a milestone quarter as the company crossed the $2 billion annualized run rate mark. The results sent the stock soaring 5% in the after-hours trading session.
>>>Cloud Stocks: Broadcom Chipping Away at NVIDIA’s Market
Yesterday, Broadcom (NASDAQ: AVGO) reported its quarterly results that continued to outpace market expectations. The company is riding high on the demand for AI chips. Its stock has climbed more than 30% since the start of the year.
>>>Cloud Stocks: Zscaler Builds on Red Canary Acquisition for AI Growth
Yesterday, cloud security provider Zscaler’s (NASDAQ: ZS) announced its fourth quarterly performance that outpaced market expectations. The company continues to focus on growth through AI offerings.
>>>Cloud Stocks: Can NVIDIA Sustain the Most Valuable Public Company Status?
Yesterday NVIDIA (NASDAQ: NVDA) reported its second quarter results that continued to beat all estimates. The company expects sales to continue to grow more than 50% even in the coming quarters, clearly signaling that the demand for AI remains strong. At a $4 trillion market cap, NVIDIA is now the most valuable company in the world.
>>>Cloud Stocks: ARM Wants to Pivot to Chip Building from Chip Designing
The current global trade uncertainties and macro conditions have caused companies to revisit their product supply strategies. According to IDC, the global smartphone market for instance, registered a modest 1% growth in the last quarter. Recently, ARM Holdings (Nasdaq: ARM) announced its own pivot of the chip strategy as it finds a way to accelerate its growth amid these conditions.
>>>Can CRISPR Therapeutics Build on Gene-Editing Treatments?
The CRISPR gene editing market has grown explosively over the past few years. According to a market report, the global CRISPR market is expected to grow 16% annually to become a $17.8 billion market by 2034. Switzerland-based CRISPR Therapeutics AG is a pioneer in the industry that is leveraging gene editing to create treatment plans for rare and common diseases.
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