Cloud Stocks: Twilio Adds AI Use Cases

Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its third quarter results that surpassed market expectations. The outstanding performance helped take the stock 7% higher in the after-hours trading session.

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Apple Delivers Lackluster Performance

Earlier this month, Apple (Nasdaq: AAPL) announced its fourth quarter results that failed to truly impress the market. Its sales fell for the fourth consecutive quarter. Its stock fell 3% in the after-hours trading session after Apple suggested that it may not return to growth in the holiday quarter.

Cloud Stocks: Amazon Looking at Pharmacies and AI

Amazon (NASDAQ: AMZN) recently reported its third quarter results that did not impress the market much. While the company is seeing growth in ad and e-commerce spending, the continuing macro pressures have slowed down its cloud growth. Amazon meanwhile continues to invest in building its AI capabilities.

Cloud Stocks: Alphabet Bets on AI

Alphabet aka Google (Nasdaq: GOOG) recently reported its third quarter results that surpassed market expectations. Like Meta, Google is also benefiting from a rebound in digital advertising spend. Despite the growth, the market was not too pleased with the outlook that the company provided, sending its stock falling 7% in the extended trading session.

Meta’s Cost Optimization Initiatives are Paying Off

Meta (Nasdaq: META), formerly Facebook, recently announced its third quarter results that outpaced market expectations. Digital ad spend has picked up in the recent past, helping Meta’s performance. According to eMarketer, Digital ad spend worldwide will increase nearly 10% to $601.84 billion this year from $549.51 billion in 2022.

Cloud Stocks: ServiceNow’s Stellar Performance Continues

Last week, ServiceNow (NYSE:NOW) reported its third quarter results that continued to surpass market expectations. ServiceNow does not appear to be fazed by macro-economic conditions and provided an outlook that also beat the expectations.

Cloud Stocks: IBM’s Growing Generative AI Investments

IBM (NYSE: IBM) recently announced strong results for its third-quarter. The company continues to grow through investments in generative AI.

Cloud Stocks: Microsoft Begins Monetizing AI

Yesterday, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. The market was impressed, and the stock gained 4% in the after hours trading session.

People.ai Leverages GenerativeAI to Make Selling Simple

According to a recent report, the generative AI market is expected to explode to reach $1.3 trillion by 2032 from a relatively modest $40 billion in 2022. The more than 40% annualized growth rate is expected to be driven by continued investments in large language models (LLMs), digital ads, and specialized software and services. Sales focused automation platforms such as People.ai are harnessing generative AI’s capabilities to improve the overall efficiency of sales teams globally.

Cloud Stocks: MongoDB Focuses on Verticalized Offerings

MongoDB (Nasdaq: MDB) recently reported its second-quarter results that blew past all market expectations. The market was pleased with its performance and sent the stock soaring 8% in the after-hours trading session.