3alexd Summary Following my coverage of SAP (NYSE:SAP) in January 2024, for which I recommended a buy rating as I believed the SAP business model was really attractive and defensive and that it would continue to see growth momentum in the cloud, this post is to provide an update on my thoughts on the business…
champja/iStock via Getty Images Investment Thesis Atlassian Corporation (NASDAQ:TEAM) helps teams work together more effectively. Their software products, like Jira and Confluence, are used for project management and collaboration. Atlassian’s platform helps businesses streamline their workflow and improve productivity by providing solutions for organizing tasks, and sharing information, and tracking progress on projects. It’s a…
rypson JetBlue Airways Corporation (NASDAQ:JBLU) has been performing well this year as its stock is up 24% YTD and 5% since terminating its merger with Spirit Airlines, Inc. (SAVE). That said, the company is now facing a major headwind, in my opinion, as negotiations with pilots for a new collective bargaining agreement officially started under…
da-kuk Glamor stocks thrived early in 2024. The Information Technology sector and just about anything AI-related soared through mid-February. A rotation then took place under the market’s surface. Value and cyclical industries took charge; Energy and Financials, along with Communication Services, posted the best Q1 sector returns. In all, the Nasdaq 100 underperformed the S&P…
Michael Vi I discussed my bullish view on MongoDB (NASDAQ:MDB) stock in my initiation article, highlighting their strengths in the document-based database market. They released their Q4 FY24 result on March 7th, delivering 27% revenue growth and 86.1% adjusted operating profit growth. I am still confident that MongoDB will deliver above 20% revenue growth over…
Boy Wirat/iStock via Getty Images Vertex, Inc. (NASDAQ:VERX) recently delivered EPS better than expected, and with investment banks upgrading their expectations, there seems to exist a lot of optimism in the market. In my view, new partnerships with existing vendors of ERPs and CRMs as well as professional services firms could be the fuel for…
wellesenterprises Oracle (ORCL), the large-cap, relational database software giant, reports their fiscal Q3 ’24 financial results after the bell on Monday night, March 11th, 2024. Analyst consensus – per LSEG – is expecting: Revenue: $13.3 bl for expected y.y revenue growth of 7% Operating inc: $5.7 billion for expected y.y growth of 10% EPS: $1.38…
Google Cloud also said Flare has become part of the Google for Startups Program, which aims to accelerate the growth of Web3 startups. Google Cloud, the cloud computing and data storage unit of the technology giant Google, has entered into a strategic partnership with the Flare blockchain to join the network as a validator. The…
BlackJack3D Investment thesis Our current investment thesis is that from an internal perspective, we believe Genpact (NYSE:G) is a good business and positioned perfectly to enjoy healthy growth in the coming years. It has deep expertise that have developed over a number of decades, a global footprint with a large workforce, and a suite of…
pingingz Elevator Pitch Kingsoft Cloud Holdings (NASDAQ:KC) [3896:HK] shares are awarded a Hold investment rating. My prior October 13, 2023 update for Kingsoft Cloud highlighted that it was too early to turn positive on the stock. KC is still in the midst of optimizing the company’s Content Delivery Network (or CDN) business operations. At the…
TU IS Summary I’m following up on my coverage of Lumentum Holdings (NASDAQ:LITE), where I previously recommended a hold rating as the inventory situation did not see any improvements at all. Management comments back then were also painted with a very uncertain outlook. This post is to provide an update on my thoughts on the…
Eric Mischke We’re maintaining our hold-rating on Oracle (NYSE:ORCL). Consistent with our expectations during our downgrade in mid-October, ORCL is struggling to boost top-line growth. 2Q24 top-line missed consensus estimates as its Cloud Services sales were not enough to offset its muted services and the deceleration in its Cloud and On-Premise licenses sales. We think…
da-kuk DigitalOcean Holdings, Inc. (NYSE:DOCN), a $2.45 Billion market cap company, has carved out a niche for itself in the cloud industry by serving developers and small and medium-sized businesses (“SMBs”). The company’s stock price fell from its peak in late 2021 as small-cap, high-growth, unprofitable companies like DigitalOcean fell out of favor in a…
kenneth-cheung Investment Thesis: Microsoft’s (NASDAQ:MSFT) strategic maneuvers into the AI space are more than helping Open AI build better chatbots so they can sell Office 365 Co-Pilot licenses. As they bolster their partnership with OpenAI, their deepening alliance is also an infrastructure transformation, with Microsoft investing heavily in nuclear energy (through a Sam Altman portfolio…
Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day…
Several key features of the platform make it ideal for institutional staking providers. For instance, it enables bulk validator deployment, allowing institutions to launch a large number of validators at the same time. Validation Cloud, a Web 3.0 infrastructure platform, recently launched a staking-as-a-service platform for institutional clients. This platform enables institutions to use multiple…
Just_Super The iShares S&P 500 Value ETF (NYSEARCA:IVE) is pretty exposed to the typical index drivers in the US. A lot of Microsoft (MSFT) and some of the cloud majors like Amazon (AMZN). Ultimately, there are some differences between the IVE and the general market, which is that mid-cap tech doesn’t feature highly, and besides…
Alphabet’s efforts to integrate generative AI technology into more products have been noticeable since the launch of OpenAI’s ChatGPT chatbot late last year. Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, experienced a nearly 7% drop in its shares in pre-market trading to $129.39. This decline in Alphabet stock came as a surprise, especially…
According to the earnings report, Microsoft’s commitment to AI-driven solutions yielded remarkable results, with the Azure OpenAI Service witnessing a significant rise in its customer base. Microsoft Corp (NASDAQ: MSFT) performance in the fiscal Q1 2024 surpassed projections, triggering a significant surge of 6% in the company’s stock during the extended trading session on October…
Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud…
Doctors will be able to access the information by asking tool-specific questions instead of going through notes and electronic health records. Google Cloud has announced that it has added new AI-powered search capabilities aimed at helping clinicians access accurate information across various types of medical records. While the healthcare industry has a wealth of valuable…
mesh cube A Quick Take On Consensus Cloud Solutions Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) provides an array of information delivery technologies to organizations worldwide. I previously wrote about CCSI with a Hold outlook. Gross margins are under pressure, and SG&A expenses are growing, while large clients have been slow to decide on purchases. I’m not…
In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that…
Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter stated that Alibaba Cloud…
The John Lewis Partnership will now use artificial intelligence supported by Google Cloud to provide customers with new and improved services. British company The John Lewis Partnership has signed a deal with Alphabet‘s Google Cloud for machine learning and artificial intelligence (AI) purposes. The deal is worth £100 million and will see Google Cloud partner…
da-kuk Elevator Pitch My rating for Kingsoft Cloud Holdings Limited (NASDAQ:KC) [3896:HK] stock stays as a Hold. In my prior February 27, 2023 article for KC, I touched on the factors contributing to Kingsoft Cloud’s disappointing share price performance following its public listing on Nasdaq since May 2020. Kingsoft Cloud’s last done stock price of…
The move follows Meta’s release of its own open-sourced LLM, Llama 2, in July Alibaba Cloud, the cloud computing arm of the Chinese tech giant Alibaba Group, has introduced two open-sourced artificial intelligence (AI) language models named Gwen-7B and Gwen-7B-Chat. With each model boasting up to 7 billion parameters, the company has become the first…
With Web 3.0 node engine service, Huawei Cloud can revolutionize the decentralized application (DApp) industry. Huawei Cloud, a cloud infrastructure and service provider developed by Huawei Technologies Co., Ltd., has introduced its Web 3.0 node engine service (NES) for public testing. The service aims to simplify blockchain network management, resource management, and authentication, while also providing developers…
Sundar Pichai revealed that the company was planning to use new AI models to automate some customer services. Alphabet‘s second-quarter earnings report released on Tuesday shows that the company surpassed revenue and profit expectations despite challenges such as a plunging digital advertisement market and the emergence of AI-powered chatbots. Shares rose about 7% in after-hours…
HIVE Digital Technologies Ltd., previously known as HIVE Blockchain, has announced that along with its renaming, the company will be focusing on revenue opportunities with its Nvidia graphics processing unit (GPU) cards in cloud compute technology. HIVE plans to utilize a fleet of 38,000 Nvidia GPUs for computational tasks, expanding its revenue channels while seeking…