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Here's Why DigitalOcean Stock Soared This Week

TheMotleyFool

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Here's Why DigitalOcean Stock Soared This Week

Cloud computing provider DigitalOcean (NYSE: DOCN) has been rallying this week following a third-quarter report that came in ahead of expectations. On top of beating analyst estimates across the board, DigitalOcean raised its outlook on the strength of its artificial intelligence (AI) business.

By 12:45 p.m. ET Thursday, DigitalOcean stock had gained 15.1% for the week, according to data provided by S&P Global Market Intelligence.

Image source: Getty Images.

Source Fool.com

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