This Magnificent Artificial Intelligence (AI) Stock Is Skyrocketing. It Could Still Double
DigitalOcean (NYSE: DOCN) has been in fine form on the stock market in 2025, and it looks like the cloud computing provider's bull run is here to stay following the release of its latest quarterly results that sent its shares soaring.Shares of the company shot up nearly 10% following the release of its fourth-quarter 2024 results on Feb. 25. DigitalOcean, which provides on-demand cloud computing infrastructure to start-ups, developers, and small businesses, crushed Wall Street's earnings expectations by a big margin. Its revenue was also better than expected. Even better, its guidance was ahead of what analysts were looking for.Let's look at the reasons why DigitalOcean's results were solid and check why this tech stock remains worth buying even now.Continue reading
DigitalOcean (NYSE: DOCN) has been in fine form on the stock market in 2025, and it looks like the cloud computing provider's bull run is here to stay following the release of its latest quarterly results that sent its shares soaring.
Shares of the company shot up nearly 10% following the release of its fourth-quarter 2024 results on Feb. 25. DigitalOcean, which provides on-demand cloud computing infrastructure to start-ups, developers, and small businesses, crushed Wall Street's earnings expectations by a big margin. Its revenue was also better than expected. Even better, its guidance was ahead of what analysts were looking for.
Let's look at the reasons why DigitalOcean's results were solid and check why this tech stock remains worth buying even now.
