The Smartest Growth Stock to Buy With $60 Right Now
2026-02-28 12:15:00 ET
Artificial intelligence (AI) has been a tailwind for cloud computing companies, which allow their clients to run AI workloads without investing in expensive hardware, and DigitalOcean (NYSE: DOCN) has been one of the beneficiaries of this business model.
While there are major cloud computing companies such as Amazon , Microsoft , Alphabet , and others renting out data center capacity to customers so they can build, customize, and run AI models and applications, DigitalOcean has carved out a niche in serving smaller customers. It operates an on-demand cloud infrastructure platform for start-ups and growing technology companies.
DigitalOcean also offers platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions that make it easier for customers to create and use AI applications. Its business model is proving successful, as is evidenced by its latest results.
NASDAQ: DOCN
DOCN Trading
-0.34% G/L:
$68.27 Last:
1,223,919 Volume:
$68.44 Open:
