Microsoft has announced the general availability of Azure Managed Redis, a fully managed in-memory datastore co-developed with Redis. This integration brings the latest Redis innovations to the Azure ecosystem, offering superior performance at a lower cost for production workloads. Azure Managed Redis delivers up to 99.999% availability with multi-region Active-Active capabilities and sub-millisecond local latency globally. With advanced new data structures and enhanced capabilities, this development enhances the usability for developers creating high-performance cloud native and AI applications. Azure Managed Redis is available across all Azure datacenter regions and supports seamless migration from existing Azure Cache for Redis tiers.
- Microsoft (NasdaqGS:MSFT) last closed at $458.87 up 1%, hovering around its 52-week high.
In other trading, Jingbo Technology (OTCPK:SVMB) was a notable mover up 54.4% and ending the day at $11.87, hitting its 52-week high. Meanwhile, VMware (NYSE:VMW) trailed, down 5% to end the day at $142.48.
Best Cloud AI Stocks
- Alphabet (NasdaqGS:GOOGL) closed at $166.54 up 0.2%.
- Apple (NasdaqGS:AAPL) ended the day at $208.78 down 1.2%.
- Super Micro Computer (NasdaqGS:SMCI) settled at $44.79 down 2.9%. Yesterday, Supermicro announced the availability of enterprise AI systems featuring NVIDIA RTX PRO 6000 Blackwell GPUs, enhancing performance across various AI applications.
Next Steps
- Click here to access our complete index of 156 Cloud AI Stocks, which features International Business Machines, InterDigital and SailPoint.
- Curious About Other Options? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Sources:
Valuation is complex, but we're here to simplify it.
Discover if Alphabet might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com