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Stock impact report

1 Artificial Intelligence (AI) Stock Down 67% That Could Get Slashed In Half Again [Yahoo! Finance]

DigitalOcean Holdings, Inc. (DOCN) 
Company Research Source: Yahoo! Finance
It helped catapult Nvidia from a market cap of around $360 billion to more than $3.3 trillion over the past 18 months alone, and it continues to propel shares of Microsoft and Amazon higher, as well as many others. But jumping onto the AI bandwagon isn't a silver bullet for organizations facing deeper challenges. Snowflake (NYSE: SNOW) is a prime example: Though it's in a fantastic position to build AI products and services, its underlying business continues to struggle with slowing revenue growth and sizable financial losses. In fact, while Snowflake stock is down 67% from its all-time high, a further 50% drop from its current price isn't out of the question. Snowflake is in a great position to build AI services Snowflake created its Data Cloud to help organizations break down the data silos that form when they use several different providers of cloud services (such as Amazon Web Services and Microsoft Azure). The Data Cloud allows them to aggregate all their data, and provid Show less Read more
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