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DigitalOcean CEO on earnings: Pursuing the AI infrastructure trade but doing it profitably
CNBC Television· 2026-08-04 18:05
Welcome back. Between Amazon, Microsoft, and Alphabet, cloud spending reached $143 billion combined last quarter. And that's just the big three.There's a whole mid-market benefiting from this spend as well. Includes names like Digital Ocean, which reported a beat on the top and bottom lines today. Cloud revenue up 29% year-onear, doubling its rate of growth.Shares were up 6% earlier off of those highs now, but up 400% in the past year. Joining us now for a CNBC exclusive is Patty Trina. He's the CEO of Digi ...