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Technology Stocks
Cloud Stocks: Klaviyo Targets Social Commerce
According to a recent report, the global MarTech spend is projected to grow at 13% CAGR to reach $215 billion by 2027 from $131 billion in 2023. Klaviyo (NYSE: KVYO), a relatively newer public company, recently announced its quarterly results that display the same bullishness.
>>>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.
>>>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.
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