Newsfeeds Archive - Spark Newswire

1 minute read

Why Is Shopify’s Stock Trading Higher On Friday?

June 14, 11:33 AM

Shop loss of Shopify Inc (NYSE ) surged after Evercore ISI analyst Mark Mahaney upgraded the stock from In-Line to Outperform, setting a price target of $75. Mahaney highlighted the stock's recent 30% dip as a prime buying opportunity for investors.

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2 minute read

Snowflake CEO Targets AI Acquisitions To Boost Growth: Report

By Shivani Kumaresan

June 5, 1:33 PM

Snowflake Inc's new CEO, Sridhar Ramaswamy, is focusing on AI acquisitions to compete with rivals like Databricks and major cloud companies. Despite failing to purchase Reka AI, Snowflake is integrating AI talent, including 35 employees from TruEra. Ramaswamy aims to boost revenue growth through strategic AI investments, crucial as sales growth slows.

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1 minute read

Snowflake & NVIDIA Team Up For AI Revolution: Details

By Lekha Gupta

June 4, 11:09 AM

Snowflake partners with NVIDIA to enable building customized AI apps on Snowflake's Cortex AI with NVIDIA AI Enterprise software and NeMo Retriever microservices.

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2 minute read

Snowflake’s GenAI Initiatives Drive Investor Interest: Analyst Sees Strong Revenue Growth Ahead

By Anusuya Lahiri

May 29, 3:40 PM

Snowflake Inc (NYSE: SNOW) reiterated as Buy with $210 price target by Needham analyst Mike Cikos due to GenAI initiatives and new CEO's direction.

CLOU

2 minute read

Amazon AWS To Pump €7.8B Into German Cloud Expansion: Details

By Shivani Kumaresan

May 15, 8:53 AM

AWS announces a €7.8 billion investment to boost its cloud infrastructure in Germany, aiming to complete new data centers in Brandenburg by 2025.

AMZN

1 minute read

Cloud and AI Service Provider DigitalOcean Stock Soars – Here’s Why

By Anusuya Lahiri

May 10, 10:02 AM

DigitalOcean Holdings Inc (NYSE: DOCN) reported strong Q1 results with revenue of $184.73M, 12% Y/Y growth, and adjusted EPS of $0.43. Outlook is positive with expected growth in revenue and EPS. Stock up 5.89% premarket.

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2 minute read

Investment Chief At $48B Global X Forecasts AI Stock Dominance In 2024: Unveils Top Investment Opportunities

By Benzinga Neuro

December 17, 11:14 PM

AI-related stocks including industry leaders like Nvidia (NASDAQ: NVDA), cloud computing, and cybersecurity stand out as "naturals that fit together."

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