ChatGPT Stock Predictions: 3 Cloud Computing Companies the AI Bot Thinks Have 10X Potential – InvestorPlace

In a world continually reshaped by technology, cloud computing stands as a pivotal force driving transformation. With its rapid ascent, early investors in cloud computing stocks have seen their investments significantly outperform the S&P 500. This serves as a highlight to the sectors explosive growth and its vital impact on business and consumer landscapes.

2024 shouldnt be any different, which is why, in seizing this momentum, I turned to ChatGPT, initiating my research on the top cloud computing picks with a precise ask.

Kindly conduct an in-depth exploration of the current dynamics and trends characterizing the United States stock market as of February 2024.

I proceeded with a targeted request to unearth gems within the cloud computing arena.

Based on this, suggest three cloud computing stocks that have 10 times potential.

The crucial insights provided by ChatGPT lay the foundation for our piece covering the three cloud computing stocks pinpointed by AI as top contenders poised to deliver stellar returns.

Source: Karol Ciesluk / Shutterstock.com

Datadog Inc. (NASDAQ:DDOG) has emerged as a stalwart in the observability and security platform sector for cloud applications. It witnessed an impressive 61.76% stock surge in the past year and currently trades at $134.91.

Further, the companys third quarter 2023 financial report underscores its robust performance. It showed a 25% year-over-year (YOY) revenue growth, reaching $547.5 million. Additionally compelling is the significant uptick in customers from 22,200 to 26,800. This signals the firms efficiency in expanding its client base and driving revenue.

Simultaneously, Datadog generative artificial intelligence (AI) and large language models (LLMs) foresee potential growth in cloud workloads. AI-related usage comprised 2.5% of third-quarter annual recurring revenue. This resonates notably with next-gen AI-native customers and positions the company for sustained growth in this dynamic landscape.

The projected $568 million revenue for the fourth quarter of 2024 reflects a commitment to sustained expansion. Also, it underlines the companys ability to adapt to market dynamics and capitalize on emerging opportunities.

Source: Sundry Photography / Shutterstock.com

Zscaler, Inc. (NASDAQ:ZS) is a pioneer in providing cloud-based information security solutions.

The company made a noteworthy shift to 100% renewable energy for its offices and data centers in November 2021. This solidifies its standing as an environmental steward and leader in the market. Also, CEO Jay Chaudhry emphasizes that beyond providing top-notch cybersecurity, Zscalers cloud services contribute to environmental conservation by eliminating the need for on-premises hardware.

Beyond sustainability, Zscaler thrives financially, boasting 7,700 customers, including 468, contributing over $1 million in annual recurring revenue (ARR). In the first quarter, non-GAAP earnings per share exceeded expectations at 67 cents, beating estimates by 18 cents. And, revenue soared to $496.7 million, a remarkable 39.7% YOY bump.

Looking forward, second-quarter guidance forecasts revenue between $505 million and $507 million, indicating a robust 30.5% YOY growth. Also, it has an ambitious target of $2.09 billion to $2.10 billion for the entire fiscal year. Thus, Zscaler attributes its success to a potent combination of technology and financial acumen.

Source: Sundry Photography / Shutterstock.com

Snowflake (NASDAQ:SNOW) stands resilient amid market fluctuations, emerging as a top performer in the cloud stock landscape over the past year.

Moreover, while yet to reach previous all-time highs, its strategic focus on AI integrations has propelled its recent success. Positioned at the intersection of the enduring narrative around AI and the high-interest cloud computing sector, Snowflake captures attention with its forward-looking approach.

Financially, Snowflake demonstrates robust figures with a gross profit margin of 67.09%, signaling financial strength. Additionally, the impressive 40.87% revenue growth significantly outpaces the sector median by 773.93%. This attests to the companys agility in navigating market dynamics.

Peering into the future, Snowflakes fourth-quarter guidance paints a promising picture, with an anticipated product revenue falling between $716 million and $721 million. Elevating the outlook, the fiscal year 2024 projection boldly sets a target of $2.65 billion in product revenue. Therefore, this ambitious trajectory demonstrates Snowflakes adept market navigation, savvy AI integration, and steadfast commitment to robust financial performance.

On the publication date, Muslim Farooque did not have (directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University.

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ChatGPT Stock Predictions: 3 Cloud Computing Companies the AI Bot Thinks Have 10X Potential - InvestorPlace

The 3 Best Cloud Computing Stocks to Buy in February 2024 – InvestorPlace

These cloud computing stocks can march higher in 2024

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Cloud computing has helped corporations increase productivity and reduce costs. Once a business uses cloud computing, it continues to pay annual fees to keep its digital infrastructure.

Cloud solutions can quickly turn into a companys backbone. Its one of the last costs some companies will think of removing. Firms that operate in the cloud computing industry often benefit from high renewal rates, recurring revenue and the ability to raise prices in the future. Investors can capitalize on the trend with these cloud computing stocks.

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Amazon (NASDAQ:AMZN) had a record-breaking Black Friday and optimized its logistics to offer the fastest delivery speeds ever for Amazon Prime members. Over seven billion products arrived at peoples doors on the same or the next day or the order. Its a testament to Amazons vast same-day delivery network that encompasses 110 U.S. metro areas and more than 55 dedicated same-day sites across the United States.

The delivery network makes Amazon Prime more enticing for current members and people on the fence. The companys efforts paid off and resulted in 14% year-over-year (YoY) revenue growth in the fourth quarter of 2023.

Amazons ventures into artificial intelligence (AI) can also lead to meaningful stock appreciation. The companys generative AI investments have paid off and strengthened Amazon Web Services value proposition. Developers can easilyscale AI appswith Amazons Bedrock. These resources can help corporations increase productivity and generate more sales.

Innovations like these will help Amazon generate more traction for its e-commerce and cloud computing segments. The AI sector has many tailwinds that can help Amazon stock march higher for long-term investors.

Source: IgorGolovniov / Shutterstock.com

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is a staple in many funds. The equity has outperformed the broader market with a 58% gain over the past year. Shares are up by 170% over the past five years.

Shares trade at a reasonable 22x forward P/E ratio. The stock initially lost some value after earnings but has parried some of its losses. The earnings report wasnt too bad, with 13% YoY revenue growth and 52% YoY net income growth.

Investors may have wanted higher numbers since Meta Platforms (NASDAQ:META) reported better results. However, a 7% drop in earnings didnt make much sense. The business model is still robust and is accelerating revenue and earnings growth. Alphabet also has a lengthy history of rewarding long-term investors.

Many analysts believe the equity looks like a solid long-term buy. The average price target implies a 9% upside. The highest price target of $175 per share suggests the equity can rally 16.5% from current levels.

Source: Sundry Photography / Shutterstock.com

ServiceNow (NYSE:NOW) is an information technology company with an advanced cloud platform that helps corporations increase their productivity and sales. The equity has comfortably outperformed the market with 1-year and 5-year gains of 77% and 248%, respectively.

The company currently trades at a 61x forward P/E ratio, meaning youll need a long-term outlook to justify the valuation. ServiceNow certainly delivers on the financial front, increasing revenue by 26% YoY in Q4 2023. ServiceNow also reported $295 million in GAAP net income, a 97% YoY improvement. The company generated $150 million in GAAP net income during the same period last year.

Revenue is going up, and profit margins are accelerating. These are two promising signs for a company that boasts a 99% renewal rate for its core product. The companys subscription revenue continues to grow at a fast clip and generates predictable annual recurring revenue.

On this date of publication, Marc Guberti held a long position in NOW. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.

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The 3 Best Cloud Computing Stocks to Buy in February 2024 - InvestorPlace

Get Rich Quick With These 3 Cloud Computing Stocks to Buy Now – InvestorPlace

As part of our day-to-day life, cloud computing companies are completely necessary as they keep us interconnected and take care of streamlining our operations, allowing us to be more efficient and effective. They also make many tasks much easier to perform through their great technological solutions. These solutions can be applied from the financial area to the human resources area.

If you want to take advantage of the great boom and the strong demand of these companies, here are three cloud computing stocks to buy quick and that you can consider adding to your portfolio.

Source: IgorGolovniov / Shutterstock.com

Behind pharmaceutical companies and biotech companies there is a big figure that is responsible for providing them with cloud-based software solutions to streamline their entire operations, that big figure is Veeva Systems Inc (NYSE:VEEV).

Financially VEEV is completely stable and are always on the move. Its revenues speak for themselves as they are on the rise and if we focus on net income, it is growing consistently reflected in their market performance.

One of the particularities that distinguishes this company is its capacity for innovation.

For example, their most recent release, the Veeva Compass Suite, is a comprehensive set of tools that gives healthcare companies a much deeper understanding of existing patient populations and a picture of healthcare provider behaviors.

Its practically like giving you a complete and specific picture of the entire healthcare network landscape.

On top of that, they make a real impact on the lives of patients, as their training solutions are helping many companies modernize their employee qualification processes.

Source: Sundry Photography / Shutterstock.com

Next on the list of companies involved in the cloud computing sector is Workday Inc (NASDAQ:WDAY), which specializes in providing companies with cloud-based enterprise applications for financial management and human resources.

They provide practical software-based solutions that allow companies to streamline their processes in managing their financial operations and human talent.

One of the things that makes this company completely attractive is its great financial performance, since in their last financial quarter they indicated that their revenues increased by 16.7% compared to the same period of the previous year, which can be translated into $1.87 billion, what good figures.

As part of their most important metrics we have subscription revenues, which increased much stronger than their normal revenues, with 18.1%, reaching approximately $1.69 billion.

In addition to these incredible numbers, they are making important strategic alliances, where they have partnered with McLaren Racing to provide them with innovative solutions.

This partnership demonstrates the versatility of Workday, as they not only provide business solutions in traditional sectors, but they also have a large participation in completely competitive industries.

Source: Jonathan Weiss / Shutterstock.com

And to close the list of these companies completely necessary in our day to day, we have the giant Oracle Corporation (NYSE:ORCL), a technology company completely recognized worldwide.

This company specializes entirely in data management solutions and of course in cloud computing. One of its main commitments is to help organizations improve their efficiency and optimize their operations through completely innovative technological solutions.

Financially, this company is in a phase of solid growth specifically in its total revenue and in its cloud division.

One of the stars of this company is its cloud application suite, which has gained a strong foothold in the healthcare sector.

Large and important institutions such as Baptist Health Care and the University of Chicago Medicine, are adopting the solutions provided by this company to improve their experience with employees and of course the care of their patients.

In addition, they are expanding their global presence with the grand opening of a new cloud region in Nairobi, Kenya. This major expansion makes clear their important commitment to economic and technological development in the greater African continent.

Oracle Cloud Infrastructures (OCI) unique infrastructure allows them the great opportunity and advantage to offer governments and businesses the opportunity to drive innovation and growth in the region.

As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines(no position)

Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.

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Get Rich Quick With These 3 Cloud Computing Stocks to Buy Now - InvestorPlace

Beyond Cloud Nine: 3 Cutting-Edge Tech Stocks Shaping the Future of Computing – InvestorPlace

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Cloud computing has helped millions of companies save time and money. Businesses dont have to worry about hardware costs and can access data quickly. Also, cloud computing companies offer cybersecurity resources to keep data safe from hackers.

Many stocks in the sector have outperformed the market over several years and can generate more gains in the years ahead. Therefore, these cutting-edge tech stocks look poised to expand and shape the future of cloud computing.

Source: Sundry Photography / Shutterstock.com

ServiceNow(NYSE:NOW) boasts a high retention rate for its software and continues to attract customers with deep pockets. The company has over 7,700 customers and almost 2,000 of them haveannual contract values that exceed $1 million.

Further, NOWs remaining performance obligations are more than triple the companys Q3 revenue. The platform allows businesses to runmore efficient help desksand streamline repetitive tasks with built-in chatbots. Also, ServiceNow offers high-level security to protect sensitive data.

Additionally, the company has been a reliable pick for investors who want to outperform the market. Shares are up by 74% over the past year and have gained 284% over the past five years. The stock is trading at a 58-forward P/E ratio. The companys net income growth can lead to a better valuation in the future. And, ServiceNow more than tripled its profits year over year (YOY) in thethird quarter. Revenue grew at a nice 25% clip YOY.

Source: IgorGolovniov / Shutterstock.com

Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) makes most of its revenue from advertising and cloud computing. Google Cloud has become a popular resource for business owners, boasting over 500,000 customers. Also, Alphabet stands at the forefront of AI , enhancing the tech giants future product offerings.

Notably, the companys cloud segment remains a leading growth driver. Revenue for Google Cloud increased by 22.5% YOY in thethird quarter. And, Alphabets entire business achieved 11% YOY revenue growth, which is an acceleration from the previous period.

Also, Google Cloud reported a profitable quarter, swinging from a $440 million net loss in Q3 2022 to $266 million net income in Q3 2023. Alphabet investors positive response to the news helped the stock rally by 57% over the past year. The stock has gained 163% over the past five years.

Alphabet currently trades at a 22-forward P/E ratio and has a $1.8 trillion market cap. Finally, the companys vast advertising network gives them plenty of capital to reinvest in Google Cloud and the companys smaller business segments.

Source: Karol Ciesluk / Shutterstock.com

Datadog(NASDAQ:DDOG) helps companies improve their cybersecurity across multiple cloud computing solutions. Cloud spending is still in its early innings and is expected to reach$1 trillion in annual spending in 2026. The company is projected to have a $62 billion total addressable market (TAM) in that year.

Specifically, Datadog removes silos and friction associated with keeping cloud applications safe from hackers. Over 26,000 customers use Datadogs software including approximately 3,130 customers with annual contract values exceeding $100,000. The companys revenue growth over the trailing twelve months is currently 31%. Further, operating margins have improved significantly to help the company secure a net profit in the third quarter.

In fact, DDOG has a good relationship with many cloud computing giants, including Alphabet. The two corporationsexpanded their partnership to close out 2023.

Investors have been rushing to accumulate Datadog stock in recent years. Shares have gained 68% over the past year and are up by 240% over the past five years. DDOG is still more than 35% removed from its all-time high. However, continued revenue growth and profit margin expansion can help the stock reclaim its all-time high.

On this date of publication, Marc Guberti held a long position in NOW. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.com Publishing Guidelines.

Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.

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Beyond Cloud Nine: 3 Cutting-Edge Tech Stocks Shaping the Future of Computing - InvestorPlace

COVID, other respiratory illnesses surging in Lincoln – Lincoln Journal Star

Lincoln hospitals are seeing more patients amid a spike in respiratory illnesses, and at least one is bringing back masks for certain staff members.

According to the Lincoln-Lancaster County Health Department, the county recorded 342 COVID-19 cases the week before Christmas, the highest weekly number of cases since the same week in 2022. The Health Department also reported 2023 highs for weekly positive influenza and respiratory syncytial virus during the same week.

Levels of COVID-19 in wastewater, which health experts say is a better gauge of virus levels in the community, also surged the week before Christmas. Health Department sampling showed an average of 1.5 million virus particles per liter of wastewater, up from about 910,000 the previous week. That's the highest weekly measurement in nearly two years.

Case numbers for all three illnesses dropped last week, but experts say that's likely more due to people being unable to access health care on certain days during the holiday break than an actual decline in cases.

"Respiratory illness is on the rise in the community and that's concerning," said Health Director Pat Lopez.

The surge in virus cases has led to increased activity at Lincoln's two hospital systems.

The Centers for Disease Control and Prevention reported 39 hospital admissions in Lincoln for COVID-19 the week ending Dec. 23, a 15% increase from the previous week.

CHI Health Saint Elizabeth in Lincoln has seen an uptick in visits to its emergency department by people with flu-like symptoms over the past six to eight weeks, said CHI Health spokesperson Taylor Miller.

"Our inpatient admissions went up after Thanksgiving and have remained steady, but we expect that admissions may increase again following Christmas and New Year's," said Miller, who noted the hospital saw a large increase in people testing positive for respiratory illnesses this past weekend.

Bryan Health also has seen increasing numbers of inpatients with respiratory illnesses.

Spokesperson Edgar Bumanis said Bryan had 34 COVID-19 patients for the week that ended on Saturday, up from 31 the week before. The hospital system also had three hospitalized flu patients and five with RSV.

Because of the prevalence of the flu, Bryan is now requiring staff members who have not gotten a flu shot to wear a mask at work, Bumanis said. He also said certain departments are instituting mask policies when levels of respiratory illnesses among patients reach a "problematic level."

"For example, currently pediatrics and our Independence Center have staff wearing masks, as well as staff working with immunocompromised patients," he said earlier this week.

Respiratory viruses aren't just an issue in Lincoln. Data from the Nebraska Department of Health and Human Services shows a rise in COVID-19, flu and RSV cases right up until Christmas, although the increase was less pronounced than it was locally.

COVID and RSV cases declined last week, but the number of flu cases continued to increase.

Compared with the same time last year, levels of COVID-19 cases are slightly lower statewide and flu case numbers are about the same, but RSV cases are significantly higher.

Lopez said she expects that the current spike in illnesses will last at least a few more weeks, especially with the holidays having just ended and local children set to return to school on Monday.

She said one thing that can help mitigate illness spread is for people to get COVID-19 and flu vaccinations if they haven't already and for those eligible for RSV vaccinations people 60 and over and women who are 32-36 weeks pregnant to get them as well.

Also, Lopez offered some commonsense advice: "Stay home if you are sick."

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Staff use personal protective equipment in the COVID-19 unit at Bryan Health.

Bryan has made counseling services available to its employees who work in the units hit hardest by the pandemic and has offered to rotate staff who need a week respite on another floor."That gives them just enough of a break to come back and say 'I can do this for another four weeks,'" said Candy Locke, the nurse manager.

The people who work in the COVID-19 ICU that currently takes up a large part of the sixth floor at Bryan East Campus say they are worn out."When the nurses are having nightmares at night and they're telling you about it, it's rough," said Leah Harrington, an assistant nurse manager.

A staff member in personal protective equipment tends to a patient in the COVID-19 unit at Bryan Health. COURTESY PHOTO

For months, doctors, nurses and respiratory therapists have worked to help COVID-19 patients on 6N, the ICU unit at Bryan East Campus. In many cases, patients who are breathing on their own see their conditions quickly worsen."It's hard to go home and not think about that, to just kind of de-plug from work, because these patients are so scared, and we're trying everything," nurse Kelsey Hoppe said.

Staff talk outside a patient's room on 6N, the ICU unit for COVID-19 patients at Bryan East Campus last September.

Reach the writer at 402-473-2647 or molberding@journalstar.com.

On Twitter @LincolnBizBuzz.

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COVID, other respiratory illnesses surging in Lincoln - Lincoln Journal Star

Previous Speakers | Diversity Speaker Series at the College of Liberal Arts – University of Nevada, Reno

Gabby Rivera, Writer, speaker, storyteller

September 14, 2018

Gabby Rivera is a Bronx-born, queer Latinx writer. She is the author of Juliet Takes a Breath, which was named one of the top 25 essential books to read for women's history month by Mic. She is also a comic book writer, writing the America Chavez series for Marvel, which is their first queer Latina superhero series. Rivera is a "QTPOC writer, an LGBTQ youth advocate and speaks about the importance of centering joy in our narratives as Latinx people and people of color," according to her website.

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Previous Speakers | Diversity Speaker Series at the College of Liberal Arts - University of Nevada, Reno