Stock Analysis

Cloud AI Update - VAST Data and Google Cloud Expand AI Accessibility

VAST Data has announced an expanded collaboration with Google Cloud to enhance the accessibility of enterprise AI across hybrid cloud environments. This partnership introduces the VAST AI Operating System as a fully managed service on Google Cloud, enabling seamless connectivity between on-premises and cloud environments without the need for complex data migrations. The integration aims to simplify the deployment of AI workloads globally, allowing organizations to operate AI models across different locations with unified data access and governance. By utilizing VAST DataSpace, this development promises to reduce costs related to data movement and optimize the performance of AI accelerators, thereby supporting enterprises in achieving efficient AI operations.

In other market news, Cisco Systems (NasdaqGS:CSCO) was a standout up 4.6% and ending the day at $77.38, close to the 52-week high. On Nov 12, 2 days ago, Cisco announced Q1 earnings with increased revenue and net income compared to last year. At the same time, Sandisk (NasdaqGS:SNDK) trailed, down 14.0% to end trading at $243.57.

Rapid AI adoption is crucial for boosting Alphabet's revenue growth and user engagement. Click here to explore the full narrative on Alphabet's investment potential.

As a timely reminder, check out our recent Market Insights article on Cloud AI, where we spotlighted AI-driven stock dynamics and potential investment risks.

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Best Cloud AI Stocks

  • Apple (NasdaqGS:AAPL) finished trading at $272.95 down 0.2%, close to the 52-week high.
  • Microsoft (NasdaqGS:MSFT) settled at $503.29 down 1.5%. This week, Microsoft expanded two key collaborations: partnering with Preservica for enhanced SharePoint archiving and with Action1 to improve Intune's security capabilities.
  • CoreWeave (NasdaqGS:CRWV) closed at $78.34 down 8.3%. On Wednesday, the company announced an increase in its revolving credit facility from $1.5 billion to $2.5 billion, extending the maturity date to November 2029.

Summing It All Up

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.

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About NasdaqGS:GOOGL

Alphabet

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Outstanding track record with excellent balance sheet.

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