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Technology Stocks
CaratLane’s Sparkling Success Story
According to a recent report, the Indian gem and jewelry market is expected to grow at 21% CAGR from $37.25 billion in 2022 to reach $144.4 billion by 2029. Traditionally, the Indian jewelry market was dominated by family-owned stores that catered to regional markets. Over the past few years, though, there has been a significant infusion of technology in the space that has led to the growth of more modern corporate houses selling both through physical stores and e-channels. Chennai-based CaratLane is one such successful story.
>>>Cloud Stocks: Veeva Sees Strong Product Adoption
According to a recent report, 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 quarterly results that continued to impress the market. The company is focusing on driving adoption of its products as it migrates away from the Salesforce CRM to its own solution.
Cloud Stocks: Salesforce Grows its AI Partner Network
Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. Its growth rate has slowed down, but the market remains impressed with it as it continues to invest in emerging technologies.
>>>Cloud Stocks: Nutanix Continues to Impress
Enterprise cloud computing player Nutanix (Nasdaq: NTNX) recently announced its fiscal year results that outpaced market expectations. The company’s strong performance and guidance helped drive the stock 15% higher in the after-hours trading session.
>>>SoftBank Plans on Taking Arm Public
The IPO season appears to be gaining momentum. Recently, semiconductor provider Arm filed its F1 as it prepares to go public next month.
>>>Instacart Finally Files for its IPO
According to a recent report, the global online grocery market is expected to grow at 25% CAGR from from $285.7 billion in 2021 till 2030. Companies like Instacart are cashing in on this growth by helping deliver these groceries.
>>>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.
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