Why DigitalOcean Stock Rallied 16% This Week
DOCNDigitalOcean(DOCN) The Motley Fool·2024-08-17 01:43

DigitalOcean is making some significant moves in the artificial intelligence space, and the early results show promising growth. Shares of DigitalOcean (DOCN 3.08%), a provider of simplified cloud computing, had risen 16% this week as of 1 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Since reporting earnings on Aug. 8, DigitalOcean's stock has rallied 29%. The company thoroughly beat expectations with its second-quarter earnings, and it highlighted a handful of developmen ...