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Technology Stocks
AI Unicorns: DataRobot Delays Listing Plans
According to a recent report, the global generative AI market size is expected to grow 37% annually through 2030. The industry was estimated at $13 billion in 2023. While AI has become a buzz word more recently, companies like Boston-based DataRobot have been working on AI and ML tools for quite a while.
>>>AI Unicorns: Cohere is Looking to Double its Valuation
According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere.
>>>AI Unicorns: AlphaSense is Making Research Easy
According to a recent research report, the global market research industry is expected to grow 4% this year to $87.7 billion. Researchers expect the industry to grow at the same rate to reach $102.9 billion by 2028. Technology adoption within the industry is expected to continue to drive growth.
>>>Cloud Stocks: Okta Recovers from Data Breach Issues
Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its quarterly results that continued to outpace market expectations. The company’s focus on profitability is paying off as it delivered record non-GAAP profitability and cash flow in the quarter.
>>>Cloud Stocks: Analysis of Zscaler’s Avalor Acquisition
Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. The company is focusing on AI as its growth engine and recently announced an acquisition in the space as well.
>>>Cloud Stocks: Adobe Monetizing its Generative AI Tools
Adobe (NASDAQ: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session.
>>>Cloud Stocks: DocuSign is Looking for a Buyer
Digital signature services provider DocuSign (Nasdaq: DOCU) recently announced very strong quarterly results. The company continues to add to its product offerings while it scouts for a potential buyer for itself.
>>>Cloud Stocks: Veeva’s Migration to Own Platform Picks Pace
The global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its fiscal 2024 results that continued to impress the market.
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