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Technology Stocks
Cloud Stocks: ServiceNow Leverages AI Capabilities
ServiceNow (NYSE:NOW) recently reported its first quarter results that continued to outpace market expectations. Like several others, ServiceNow is also betting on the AI space and integrated several helpful AI tools within the latest release of its platform.
>>>Cloud Stocks: Microsoft’s lead in Azure powered by OpenAI
Earlier this week, Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The company continues to bank on its AI investments.
>>>Cloud Stocks: IBM’s Presses into Quantum Computing
IBM (NYSE: IBM) recently announced mixed results for its first-quarter. The company continues to grow through partnerships. It is now making bigger inroads into the world of quantum computing.
>>>Netflix Sees Initial Results from Monetization Initiatives
Earlier this week Netflix (Nasdaq: NFLX) announced its fourth quarter performance that failed to impress the market. The company continues to experiment with several initiatives to drive monetization while investing in content to keep its viewers engaged.
>>>Cloud Stocks: BlackLine Improves Cash Management Offerings Amid Recession Fears
According to a recent report, the global accounting software market is estimated to grow 19% CAGR to reach $47.5 billion by 2028. BlackLine (NASDAQ: BL) announced its fourth quarter results recently that continued to outpace market expectations. The company released products that are aimed at allaying cash related concerns of its customers given the current economic conditions.
>>>Cloud Stocks: Qualys Focuses on SMB Segment for Growth
According to a recent report, the global cloud security market is estimated to grow at 14% CAGR to reach $77.5 billion by 2026 from $40.8 billion in 2022. Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its fourth quarter results that surpassed market expectations. The company is continuing to invest in product development as it tries to expand its market reach.
>>>Cloud Stocks: MongoDB Expands its Cloud IaaS Capabilities
The global database-as-a-service market is expected to grow at 15.7% CAGR from $13.5 billion in 2022 to $43.1 billion by 2030. MongoDB (Nasdaq: MDB), a leading player in the market, is looking to address this growing market by expanding its tie-ups with various cloud players.
>>>Cloud Stocks: Oracle’s New Release Focuses on Developers
Oracle (NYSE: ORCL) recently reported its second quarter results that were in line with the market’s expectations. The company is focusing on making its products more focused on developers to improve its product adoption.
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