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Technology Stocks
Cloud Stocks: Salesforce Cashes in on the Agentic AI Market
Salesforce (NYSE: CRM) recently announced its third quarter results that beat the market expectations and sent the stock climbing 12%. According to a recent report, agentic AI is expected to reach $31 billion in 2024, with a potential to grow at 32% CAGR. Salesforce’s Agentforce offering is already reaping benefits from this growth.
>>>Cloud Stocks: Analysis of Workday’s Evisort Acquisition
Enterprise services provider Workday (NASDAQ: WDAY) recently announced its third quarter results that surpassed market expectations. However, the weaker outlook for the final quarter sent the stock tumbling 11% in the after-hours trading session.
>>>AI Unicorns: ClickUp Brings AI to Productivity Management
According to a recent report, the global productivity management software market was estimated at $59.88 billion in 2023. The industry is estimated to grow at 14.1% CAGR from 2024 through 2030. San Diego-based ClickUp is leveraging AI capabilities to make a big impact in the market.
>>>AI Unicorns: VAST Data Puts Unstructured Data in a Database
According to a recent report, the AI data management market, which includes companies that provide the ability to store, process, and access data, is expected to grow at 23% CAGR to reach $70.2 billion by 2028. New York-based VAST Data is a strong player in the industry.
>>>Cloud Stocks: Twilio Wants to Embed AI Across All its Offerings
Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its third quarter results that outpaced market expectations. The improved outlook and the strong performance helped take the stock 10% higher in the after-hours trading session.
>>>Cloud Stocks: Amazon’s GenAI Grows Triple Digits
Amazon (NASDAQ: AMZN) recently announced its third-quarter results that beat market expectations driven by its growth in its cloud and advertising businesses.
>>>Will Apple’s AI Investments Drive Hardware Sales?
Apple (Nasdaq: AAPL) recently announced its fourth quarter results that continued to outpace market expectations. iPhone sales appear to have made a rebound. Apple is counting on its AI-initiatives to further drive sales of its hardware. But it is early days to see if that strategy will truly pay off.
>>>Cloud Stocks: Microsoft’s AI to Hit $10B ARR
Last week, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. However, its stock dipped following a weak outlook.
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