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Technology Stocks
Cloud Stocks: Shopify Turns to AI and Crypto
Ontario-based Shopify (NYSE: SHOP) recently announced its quarterly results that surpassed market expectations. Shopify remains focused on emerging technologies of AI and cryptocurrency to keep driving growth.
>>>Cloud Stocks: Atlassian’s AI Investments Please the Market
Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its fourth quarter results that sent the stock soaring 24% in the after-hours trading session. Like others in the industry, Atlassian too is betting on AI to improve its offerings.
>>>Cloud Stocks: Twilio Focused on Integrating AI into UCaaS
According to a recent report, the global Unified Communication as a Service (UCaaS) market is projected to grow at 15% CAGR to reach $85.77 billion by 2030 from $32.01 billion in 2023. Communications PaaS player Twilio (NYSE: TWLO) recently announced its second quarter results that surpassed market expectations. The company is leveraging AI capabilities into its tools to continue to drive its growth rate.
>>>Will Apple Buy Disney?
Last week, Apple (Nasdaq: AAPL) announced its third quarter results that were ahead of expectations yet failed to truly impress the market. The company posted its third consecutive quarter of declining sales and expected a similar slowdown to continue in the current quarter.
>>>Cloud Stocks: Amazon Focuses on AI Tools for Developers
Amazon (NASDAQ: AMZN) recently reported its second quarter results that outpaced market expectations. During the quarter, Amazon continued to add several enhancements to its platform that leverage generative AI capabilities.
>>>Cloud Stocks: Google Expands Generative AI Beyond Bard
Alphabet aka Google (Nasdaq: GOOG) recently reported it’s second quarter results that continued to outpace all market expectations. After the initial hiccups with generative AI, Google has been focused on releasing much more improved generative AI offerings.
>>>Meta Upgrades its AI Game
Meta (Nasdaq: META), formerly Facebook, recently announced its second quarter results that outpaced market expectations. Like others, Meta is also increasing its AI arsenal to offer innovative use cases.
>>>Cloud Stocks: Analysis of ServiceNow’s G2K Acquisition
Earlier last week, ServiceNow (NYSE:NOW) reported its second quarter results that continued to surpass market expectations. Like everyone else, ServiceNow is also stepping up its efforts within the AI space and announced several new features along with an acquisition.
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