|Day's range||30.35 - 30.35|
Microsoft is winning the AI fight, but the competition is hot on its heels.
(Bloomberg) -- Major technology and internet stocks have regained investor favor this year, and no company is ticking more boxes for bulls than Alphabet Inc.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion Spending BoostUS Air Force Plans to End Lockheed Hypersonic Weapon ProgramNot only doe
DigitalOcean (NYSE: DOCN) took investors on a wild ride after its initial public offering (IPO). The small-scale cloud infrastructure services provider went public at $47 on March 24, 2021, but its stock opened at just $41.50 before ending its first day at $42.50. Today, DigitalOcean trades at about $36 a share, with an enterprise value of $4.1 billion, or six times the revenue it expects to generate in 2023.