According to a recent report, the AI market is estimated to grow at 37% CAGR from $279 billion in 2024 to $1.8 trillion by 2030. Perplexity AI continues to make its presence felt in the market with the launch of new offerings.
>>>Technology companies are being very cautious of listing this year. According to a market report, May was the slowest month for IPOs as companies struggle with macroeconomic pressures and the troubled geo-political situation. LogicMark’s recent delisting is an anecdote of the current conditions.
>>>Yesterday NVIDIA (NASDAQ: NVDA) reported its first quarter results that beat all estimates. The growing demand for AI has driven NVIDIA’s performance over the last few quarters, with more growth yet to come. However, the company was dealing with the trade tensions between the US and China.
>>>Meta’s (Nasdaq: META) recently announced quarterly results outpaced market expectations that sent the stock climbing 5% in the after-hours trading session. According to a recent report, the global multimodal AI market size is estimated to grow 37% annually over the period 2025 to 2030 from $1.74 billion in 2024.
>>>Amazon (NASDAQ: AMZN) recently announced its first quarter results that surpassed market expectations, but the on-again-off-again tariffs did not go well with its outlook. The stock fell 2% in the after-hours trading session.
>>>The global AI cybersecurity market is expected to grow from $25.4 billion in 2024 to $31.4 billion this year, at 24% CAGR from 2025 to 2034. Yesterday, Palo Alto Networks (NYSE: PANW) announced mixed quarterly results that did not please the market. The stock fell 4% in the after hours trading session.
>>>Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its third quarter results that outpaced past market expectations. However, a slightly weaker outlook sent the stock falling 18% in the after-hours trading session.
>>>Apple (Nasdaq: AAPL) reported a mixed second quarter this month, but a potential $900 million tariff headwind sent its stock falling 4% in the after-hours trading session. Yesterday’s tariff news brought some relief.
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