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1 Small Cloud Stock Gearing Up for a New Round of Innovation -- Time to Buy?

TheMotleyFool 
0 0 30.03.24
1 Small Cloud Stock Gearing Up for a New Round of Innovation -- Time to Buy?: https://g.foolcdn.com/editorial/images/771021/cloud-infrastructure-data-centers.jpg
 

Tiny cloud infrastructure provider DigitalOcean (NYSE: DOCN) closed out 2023 in a less-than-ideal fashion. Generative artificial intelligence infrastructure is starting to equate to a pickup in cloud computing spending among its tech titan peers, but not so much for DigitalOcean -- at least not yet.

You see, the company made an AI start-up purchase of its own last summer, and it has a new CEO at the helm. Is it too late to buy the stock?

DigitalOcean has made a name for itself providing affordable and easy-to-use "Droplets" -- a bit of computing power, operating in a data center, that a developer or start-up can use to operate a website or an app, store business data and run analytics, or perform some other digital work. That combination of easy and affordable has been palpable. DigitalOcean has built a loyal following of hundreds of thousands of customers, with an extensive library of content to help educate its users about all things cloud computing.

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Source Fool.com

Tiny Ltd. Stock

€1.84
2.230%
There is an upward development for Tiny Ltd. compared to yesterday, with an increase of €0.040 (2.230%).

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