Cloud Stocks: Veeva Accelerates AI Initiatives

Veeva’s (NYSE: VEEV) recently announced quarterly results continue to impress the market. Veeva is adding AI capabilities to several of its offerings as it continues to successfully migrate its customers over to Vault CRM.

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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. 

Meta’s Investment Outlook Keeps Growing

Meta (Nasdaq: META), formerly Facebook, announced its quarterly results last week that outpaced market expectations. But Meta’s plans to continue to increase capex spending during the year, caused its stock to fall 3% in the after-hours trading session.