2 Artificial Intelligence (AI) Stocks Trading Under $50 That Can Supercharge Your Portfolio [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
Nvidia , for example, has added a whopping $2.7 trillion to its market capitalization since the beginning of 2023, thanks to its graphics processors (GPUs) for data centers which are designed for developing AI models. However, Ark Investment Management's founder, Cathie Wood, thinks AI software companies will eventually generate $8 in revenue for every $1 spent on hardware and chips. That spells opportunity for investors with a long-term mindset. DigitalOcean (NYSE: DOCN) and Lemonade (NYSE: LMND) could be big winners if Wood is right. Shares in both companies are trading at under $50, and here's why they could supercharge your portfolio over the long term. 1. DigitalOcean DigitalOcean is a provider of cloud computing services, but it focuses specifically on small and mid-sized businesses (SMBs). That differentiates it from industry giants like Amazon and Microsoft , which typically serve large, high-spending enterprises. DigitalOcean offers everything from data storage to w
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News
- DigitalOcean And Hugging Face Make AI Accessible With 1-Click Models [Forbes]Forbes
- DigitalOcean Holdings, Inc. (NYSE: DOCN) had its price target raised by analysts at JPMorgan Chase & Co. from $32.00 to $40.00. They now have a "neutral" rating on the stock.MarketBeat
- DigitalOcean Launches Strategic Partnership with Hugging FaceBusiness Wire
- DigitalOcean Holdings, Inc. (NYSE: DOCN) had its price target raised by analysts at Barclays PLC from $38.00 to $48.00. They now have an "overweight" rating on the stock.MarketBeat
- DigitalOcean Announces Date of Third Quarter 2024 Earnings Conference CallBusiness Wire
DOCN
Earnings
- 8/8/24 - Beat
DOCN
Sec Filings
- 10/18/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- DOCN's page on the SEC website