cloud computing

Major Wall Street indices closed over 1% lower on Tuesday as recession worries weighed on investors’ minds. The Nasdaq closed 2% lower, while the Dow Jones ended 1.03% down and the S&P 500 declined 1.44%. Meanwhile, the following five stocks are drawing retail...

Cloud computing is the backbone of the modern world. Almost any interaction a user has with their smartphone is funneled through the vast and omnipresent cloud. Computations and communications critical to businesses small and large all rely on the cloud to function. By 2027, cloud computing is...

Microsoft Corporation (NASDAQ: MSFT) dampened expectations that cloud computing demand would mitigate the sagging PC market in its first quarter earnings call. What Happened: The Redmond, Washington-based tech giant said that revenue growth from its cloud computing platform — Azure...

Cathie Wood-led Ark Investment Management bought over 87,000 shares of software company UiPath Inc (NYSE: PATH) on Friday, valued at over $1.2 million based on the day’s closing price. The share purchases were done through five of the company’s exchange-traded...

Amazon Web Services, the cloud arm of Amazon.com, Inc (NASDAQ: AMZN), was hogged some much deserved limelight as the Jeff Bezos-founded tech and retail giant unveiled its second-quarter numbers. The e-commerce giant’s AWS-origin revenue came in at $19.7 billion versus the $19.56 billion...

Broadcom Inc (NASDAQ: AVGO) is reportedly in discussions to take over cloud computing company VMWare Inc (NYSE: VMW). What Happened: The San Jose, California-based semiconductors and infrastructure software solutions company is looking to purchase VMWare, Bloomberg reported, citing people familiar...

Tesla Inc (NASDAQ: TSLA) bull Cathie Wood-led Ark Invest on Tuesday raised its exposure in cloud-based software firm Monday.com Ltd (NASDAQ: MNDY) on the dip, the only trade by the popular money manager ahead of a key Federal Reserve rate hike decision. St....

Data cloud company Snowflake Inc. (NYSE: SNOW) has emerged among the most-discussed stocks on Reddit’s r/WallStreetBets forum as of early Thursday. What Happened: Snowflake is seeing the third-highest interest on the forum with 154 mentions at press time, data from Quiver Quantitative showed...

Appian Corp (NASDAQ: APPN) has announced the general availability of Appian Process Mining, the easiest way to identify and address workflow bottlenecks. The cloud computing and enterprise software company headquartered in McLean, Virginia says organizations can now discover process...

Wedbush analyst Daniel Ives said in a note that Microsoft Corporation’s (NASDAQ: MSFT) “underlying growth story is built around the game changing enterprise cloud transformation.” The Microsoft Analyst: Ives has an “outperform” rating on the Satya Nadella-led company...

A recent move by Amazon Inc. (NASDAQ: AMZN) suggests that its cloud computing unit — Amazon Web Services — may soon adopt cryptocurrencies. What Happened: Amazon is looking for an employee tasked with encouraging senior staff at financial institutions to consider adopting...

Wedbush analyst Daniel Ives expects Microsoft Inc (NASDAQ: MSFT) to deliver another “Picasso-like masterpiece” quarter next week with numbers exceeding Street estimates. The Microsoft Analyst: Ives maintained Wedbush’s “Outperform” rating and raised the 12-month price...

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) on Tuesday confirmed plans to develop an in-house processor that would be used to power its cloud computing business. What Happened: The Yitian 710 server chip is developed by Alibaba’s in-house semiconductor unit T-Head. The design...

On Sunday, Alibaba Group Holding Ltd (NYSE: BABA) completes seven years of being listed on the New York Stock Exchange. On Sept. 19, 2014, the company’s shares closed at $93.89 on debut, up 38% from the IPO price — the Jack Ma-founded Chinese conglomerate has come a long way...

Microsoft Corp (NASDAQ: MSFT) has roped in rival Amazon.com Inc’s (NASDAQ: AMZN) top cloud executive Charlie Bell weeks after the industry veteran left his position at the e-commerce company.  What Happened: Bell, who left Amazon recently, is now listed by Microsoft as a...