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.

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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.

Cloud Stocks: Nutanix Expands Security Offerings

Enterprise cloud computing player Nutanix (Nasdaq: NTNX) recently announced its first quarter results that outpaced market expectations. The outlook for the rest of the year was impressive as well, which helped drive the stock upwards in the after-hours trading session.

Cloud Stocks: Salesforce Defies Market Turbulence

Salesforce (NYSE: CRM) recently announced its third quarter results that continued to surpass market expectations. While its growth rate has slowed down, the market remains positive, and sent the stock soaring 8% to a 52-week high in the after-hours trading session. Salesforce’s stock has climbed over 70% this year, significantly outperforming the Nasdaq which grew 36% in the year.

Cloud Stocks: NVIDIA to Continue Dominating

With AI taking off, NVIDIA’s pioneering efforts in the accelerated computing space are paying off. Today, NVIDIA’s platform is used by 4.5 million developers and powers 76% of the TOP500 supercomputers. The company recently announced very strong quarterly results.

Cloud Stocks: Analysis of Atlassian’s $975M Loom Acquisition

Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its first quarter results that surpassed market expectations. The company recently expanded its communication capabilities with the $975 million acquisition of Loom.