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Technology Stocks
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.
>>>Analysis of Cisco’s Splunk Acquisition
Global networking solutions provider Cisco (Nasdaq: CSCO) recently announced its first quarter results that outpaced market expectations. But the market headwinds are troubling the company as it reduced its outlook significantly for the coming year.
>>>Cloud Stocks: Adobe Calls off Figma Acquisition
Adobe (NASDAQ: ADBE) recently reported its quarterly results that continued to outpace market expectations. However, a lesser optimistic outlook for the coming year sent the stock falling 6% in the after-hours trading session.
>>>Cloud Stocks: Okta Leverages AI for Security
Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its third quarter results that continued to outpace market expectations. The company added several AI-focused products during the quarter.
>>>Cloud Stocks: Workday Focuses on AI Skills
Enterprise services provider Workday (NASDAQ: WDAY) recently announced its third quarter results that surpassed the market expectations. Workday is building out several AI capabilities and an AI-focused marketplace to benefit from the growing trend.
>>>Cloud Stocks: Veeva Sees Traction on Vault CRM
According to a recent report, the global healthcare cloud computing market is expected to grow 21% annually to $62.47 billion by 2030. Veeva (NYSE: VEEV) recently announced its quarterly results that continued to impress the market.
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