1 Small Cloud Stock Gearing Up for a New Round of Innovation -- Time to Buy?
DigitalOcean(DOCN) The Motley Fool·2024-03-30 22:00
Tiny cloud infrastructure provider DigitalOcean (DOCN -2.30%) 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?The plan to accelerate growthDigitalOcean has made a name for itself pr ...