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Technology Stocks
Cloud Stocks: Microsoft’s AI Initiatives Help Stock Soar Amidst Market Uncertainties
Yesterday Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The performance helped drive its stock 5% higher in the after-hours trading session.
>>>Cloud Stocks: Analysis of ServiceNow’s Logik.ai Acquisition
Earlier last week, ServiceNow (NYSE:NOW) reported its first quarter results that continued to outpace market expectations. The better than expected guidance helped the stock climb 15% in the after-hours trading session.
>>>Cloud Stocks: Analysis of Google’s Wiz Acquisition
Yesterday, Alphabet aka Google (Nasdaq: GOOG) announced its first quarter results that soared past market expectations. The stock climbed 5% in the after-hours trading session post results announcement.
>>>Cloud Stocks: IBM’s AI Services Focus
Yesterday, IBM (NYSE:IBM) reported its first quarter results that outpaced market expectations. Despite the cautious operating environment, IBM reiterated its outlook as it expects its focus on AI initiatives to drive growth.
>>>Netflix Experiments with AI to Improve Content Discovery
Yesterday, Netflix (Nasdaq: NFLX) reported its first quarter results that surpassed market expectations. Over the last quarter, Netflix has also been attracted to the AI fever. It recently announced plans of leveraging AI search engine capabilities for its users.
>>>Perplexity’s Valuation Keeps Soaring
According to a recent report, OpenAI’s ChatGPT commands nearly 60% of the GenAI chatbots market in 2025. Microsoft’s Copilot comes a distant second with 14.4% market share, competing closely with Google’s Gemini’s 13.5% share. Perplexity AI is a rapidly growing GenAI engine that accounted for 6.2% of the market.
>>>Zapier Grows Through Acquisitions within No-Code Workflow Automation
The global workflow automation market surpassed $20.3 billion in 2023 and is projected to grow 10% CAGR from 2024-32. This growth is attributed to the rising need for businesses to streamline operations, reduce manual errors, and enhance overall efficiency through automation solutions.
>>>AlayaCare Brings AI to Home Healthcare Services
According to a recent report, the global home healthcare market is expected to grow 8% annually through 2030. The market was valued at $390.24 billion in 2023. Rising healthcare costs for in-facility care coupled with improved penetration of virtual and remote care industry are helping fuel the growth in the industry. Montreal-based AlayaCare is one such player that is leveraging technology to improve the effectiveness of home-based health care.
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