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Why DigitalOcean Stock Surged Today


Shares of DigitalOcean Holdings (NYSE: DOCN) spiked on Tuesday after the cloud computing provider highlighted the torrid growth in its artificial intelligence (AI)-focused offerings.

Image source: Getty Images.

DigitalOcean's revenue jumped 22% year over year to $258 million in the first quarter. Its earnings before interest, taxes, depreciation, and amortization (EBITDA), in turn, leaped 21% to $105 million.

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Source Fool.com

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