Why DigitalOcean Stock Jumped Today
DOCNDigitalOcean(DOCN) The Motley Fool·2024-05-02 03:22

Could the company be growing faster than anticipated? Shares of cloud-computing company DigitalOcean (DOCN 9.81%) jumped on Wednesday, getting a boost from investors extrapolating positive results from Amazon. Moreover, the company is getting some recognition by being added to a prominent stock index. As of 12:10 p.m. ET, DigitalOcean stock was up 8%. Companies are spending on cloud computing again DigitalOcean stock has essentially traded sideways over the past year because its growth is slowing considerab ...