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 ...

In the latest trading session, DigitalOcean Holdings, Inc. (DOCN) closed at $39.30, marking a -1.33% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.14%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq gained 0.17%.Coming into today, shares of the company had gained 2.23% in the past month. In that same time, the Computer and Technology sector gained 6.81%, while the S&P 500 gained 5.34%.Market participants will be closely following the financial ...

Fool.com contributor Parkev Tatevosian highlights one growth stock that long-term investors can consider adding to their portfolios. *Stock prices used were the afternoon prices of March 19, 2024. The video was published on March 21, 2024. ...

DigitalOcean Holdings, Inc. (DOCN) closed the latest trading day at $39.27, indicating a +0.03% change from the previous session's end. This change lagged the S&P 500's 0.89% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.Coming into today, shares of the company had gained 6.11% in the past month. In that same time, the Computer and Technology sector gained 3.77%, while the S&P 500 gained 3.56%.Investors will be eagerly watching for the performance of DigitalO ...

The market hasn’t been kind to small-cap stocks. Over the last three years, the Russell 2000 index lost over 11% of its value compared to 30% gains by its larger brethren in the S&P 500. Rampant inflation and rising interest rates hit small-cap stocks far harder than the largest stocks on the market. Yet, beginning from the stock market’s low point in late October, small-cap stocks have outperformed virtually all others. The Russell 2000 is up 25% since then, while the S&P trails behind with a 24% gain and ...

The recent all-time highs in the stock market indexes create a challenge for growth investors. A dramatic recovery in some AI-driven stocks, particularly in the "Magnificent Seven," drove most of the gains in the indexes. Amid that situation, investors may wonder whether they are too late, which could make them skeptical about growth stocks that did not join the rally.Despite such concerns, growth stock investors can still likely benefit, particularly in stocks that sell at a considerable discount to 2021 h ...

DigitalOcean Holdings (DOCN 1.89%) may not be a popular name in the cloud computing space when compared to the likes of Microsoft and Amazon, and that's not surprising as it is currently in its early phases of growth.Founded in 2012, DigitalOcean isn't a cloud service provider in the mold of its more illustrious peers. The company is known for providing an on-demand cloud computing platform that's used by small businesses, developers, and start-ups, and it has been struggling in the past year because of wea ...

It turns out that investors interested in small upstart cloud computing platform DigitalOcean (DOCN 1.27%) got not one but two opportunities to buy the big dip. After bottoming during the bear market at the very end of 2022, shares rocketed higher in the first half of 2023. But then the stock reached fresh all-time lows later in the year after slowing revenue growth hit, past accounting errors were found, and a shake-up at the CEO level was announced.DigitalOcean (DO from here on out) is back on the mend ag ...

Putting aside Nvidia is practically impossible, considering nearly every large technology company in America seems to be racing to buy its data center chips designed to process artificial intelligence (AI) workloads. Plus, Nvidia stock was the best performer in the S&P 500 index in 2023 with a 239% gain, and it's already up another 61% in 2024.But the AI industry is expanding quickly, and a number of other opportunities warrant attention, so let's forget Nvidia for a moment.Palo Alto Networks (PANW -2.62%) ...

DigitalOcean Holdings, Inc. (DOCN) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-te ...