The tech world is abuzz with the latest developments in cloud and AI, with several companies making significant strides in the field. In this news brief, we'll take a closer look at the top stories and what they mean for investors and the industry as a whole.
Cloud and AI Stocks to Buy Hand Over Fist in February
Microsoft, Datadog, and Oracle are three cloud and AI stocks that are well-positioned to profit from the growth of the cloud and AI markets. Microsoft's growth accelerated again over the past decade as it expanded its cloud and AI ecosystems, while Datadog's platform monitors a wide range of computing platforms and aggregates all of that diagnostic data on its unified cloud-based dashboards. Oracle, on the other hand, has transformed its on-premises software into cloud-based services and expanded into the enterprise resource planning (ERP), healthcare IT, and cloud infrastructure markets with big acquisitions.
Booz Allen Hamilton Holding Corporation (BAH) Reaffirmed as ‘Buy’ by BofA with $210 Target
Booz Allen Hamilton Holding Corporation (BAH) has been reaffirmed as a ‘Buy’ by BofA with a $210 target, citing AI leadership and growth potential. The company's AI consulting services and industry-specific solutions are in high demand, and its partnership with Repsol is expected to drive digital transformation.
Palantir may be the stock pick for the DOGE era as it leads the AI revolution
Palantir may be the stock pick for the DOGE era as it leads the AI revolution while Musk plows through government agencies. The company's AI platform is being used by various industries, including healthcare and finance, and its partnership with Repsol is expected to drive digital transformation.
Accenture plc (ACN) Expands AI Collaboration with Repsol to Drive Digital Transformation
Accenture plc (ACN) has expanded its AI collaboration with Repsol to drive digital transformation. The company's AI consulting services and industry-specific solutions are in high demand, and its partnership with Repsol is expected to drive digital transformation.
Amazon.com, Inc. (AMZN) Remains ‘Top Pick’ at BofA Ahead of Q4 Earnings, AI Growth in Focus
Amazon.com, Inc. (AMZN) remains a ‘Top Pick’ at BofA ahead of Q4 earnings, with AI growth in focus. The company's expanding partnership with Anthropic, new competitive AI products, and reduced infrastructure costs driven by Trainium are expected to drive growth.
Have Your AI Talk To My AI – Decentralized Intelligence For Tomorrow
Decentralized AI is a new idea making the rounds about how to organize our LLM models and new technologies to better leverage their power. The MIT Media Lab is researching decentralized AI, which involves decentralizing AI platforms to make them more secure and trustworthy.
Cisco Systems, Inc. (CSCO) Completes Acquisition of SnapAttack to Bolster AI-Powered Cybersecurity
Cisco Systems, Inc. (CSCO) has completed the acquisition of SnapAttack to bolster AI-powered cybersecurity. The acquisition is expected to enhance Cisco's threat detection and engineering roadmap.
Cal State unveils artificial intelligence tools for students
California State University (CSU) will make generative artificial intelligence technologies like ChatGPT available to students, staff, and faculty across its 23 campuses at no personal cost to them. The university will also be part of a new body, called the AI Workforce Acceleration Board, which will include CSU academic leaders and representatives from the governor's office as well as firms like Microsoft, IBM, and Nvidia.
Paul Krugman says the AI boom reminds him of the dot-com bubble and predicts it may end with a 'giant tech-bro bailout'
Paul Krugman says the AI boom reminds him of the dot-com bubble and predicts it may end with a 'giant tech-bro bailout'. The Nobel-winning economist said tech stars are already dominant and more involved in politics now.
Key Takeaways
- Cloud and AI stocks to buy hand over fist in February include Microsoft, Datadog, and Oracle.
- Booz Allen Hamilton Holding Corporation (BAH) has been reaffirmed as a ‘Buy’ by BofA with a $210 target, citing AI leadership and growth potential.
- Palantir may be the stock pick for the DOGE era as it leads the AI revolution.
- Accenture plc (ACN) has expanded its AI collaboration with Repsol to drive digital transformation.
- Amazon.com, Inc. (AMZN) remains a ‘Top Pick’ at BofA ahead of Q4 earnings, with AI growth in focus.
- Decentralized AI is a new idea making the rounds about how to organize our LLM models and new technologies to better leverage their power.
- Cisco Systems, Inc. (CSCO) has completed the acquisition of SnapAttack to bolster AI-powered cybersecurity.
- California State University (CSU) will make generative artificial intelligence technologies like ChatGPT available to students, staff, and faculty across its 23 campuses at no personal cost to them.
- Paul Krugman says the AI boom reminds him of the dot-com bubble and predicts it may end with a 'giant tech-bro bailout'.
Sources
- 3 Cloud and AI Stocks to Buy Hand Over Fist in February
- Booz Allen Hamilton Holding Corporation (BAH) Reaffirmed as ‘Buy’ by BofA with $210 Target, Citing AI Leadership & Growth Potential
- Palantir may be the stock pick for the DOGE era as it leads the AI revolution while Musk plows through government agencies
- Accenture plc (ACN) Expands AI Collaboration with Repsol to Drive Digital Transformation
- Amazon.com, Inc. (AMZN) Remains ‘Top Pick’ at BofA Ahead of Q4 Earnings, AI Growth in Focus
- Have Your AI Talk To My AI – Decentralized Intelligence For Tomorrow
- Cisco Systems, Inc. (CSCO) Completes Acquisition of SnapAttack to Bolster AI-Powered Cybersecurity
- How To Help College-Bound Students Build AI Literacy
- Cal State unveils artificial intelligence tools for students
- Paul Krugman says the AI boom reminds him of the dot-com bubble and predicts it may end with a 'giant tech-bro bailout'