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Technology Stocks
Cloud Stocks: Big Blue Climbs to 10-Year High on AI Potential
IBM (NYSE: IBM) recently announced strong results for its fourth-quarter that sent the stock climbing 7% in the after-hours trading session.
>>>Cloud Stocks: Oracle Builds on NetSuite with Next Technik Acquisition
Oracle (NYSE: ORCL) reported its second quarter results that failed to impress the market. The weaker than expected performance and outlook sent the stock falling 9% in the after-hours trading session.
>>>Cloud Stocks: MongoDB Ups its AI Capabilities
MongoDB (Nasdaq: MDB) recently reported its third-quarter results that blew past all market expectations. The company continues to add generative AI capabilities to its portfolio of tools.
>>>AI Unicorns: CoreWeave Benefits from NVIDIA’s Partnership
The global graphic processing unit (GPU) market is expected to grow 34% over the next 10 years to reach $773.07 billion by 2032 from $42.2 billion in 2022. The growth is driven by the emergence of machine learning and artificial intelligence that require a larger dataset. Such large datasets are best handled by GPUs that can run parallel processing. New York-based CoreWeave is becoming a big player in the industry by providing companies with access to flexible cloud infrastructure processing solutions.
>>>Cloud Stocks: Palantir Applies AI Bootcamp Go-to-Market Strategy with Success
Palantir (NYSE: PLTR) recently announced its third quarter earnings that outpaced market expectations. This was the fourth consecutive quarter that the company reported a profitable quarter, making it eligible to be included in the S&P 500 portfolio.
>>>Cloud Stocks: AppLovin Continues to Deliver with AI
App monetization capabilities provider AppLovin (Nasdaq: APP) reported its quarterly results recently that surpassed market expectations. During the year, the company’s stock went up by 258%. And, the growth story appears to be continuing.
>>>Cloud Stocks: C3.ai Banks on AWS for AI Expansion
According to recent reports, generative AI is expected to become a $1.3 trillion market by 2032. Goldman Sachs estimates that AI could increase corporate profits by 30% in the next decade, and that generative AI alone could raise the global GDP by 7%. Tom Siebel’s C3.ai (NYSE: AI) is investing in this high growth market through partnerships and product innovation.
>>>Cloud Stocks: Analysis of AMD’s Acquisitions
Global AI semiconductor revenue is expected to grow 26% to $67.1 billion in 2024. By 2027, AI chips revenue is expected to reach $119.4 billion. While Nvidia remains a leading player, rival AMD (NYSE:AMD) is expanding its presence within the AI space.
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