Analyst Blayne Curtis believes the spin-off could unlock shareholder value as updated technology drives the enterprise solid-state drive maker’s market share gains.
The GSA reportedly stated that the deal with Oracle is the first of its kind, offering a discounted package on cloud infrastructure for the entire government.
The proposed plan envisions that U.S. users will eventually download the new app to continue using its service, but the new app will remain functional until March 2026.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
Similar to last year, stocks such as Palantir, Nvidia, and Microsoft remain among the hottest names driving the artificial intelligence (AI) revolution.
From commerce to culture, software is digitizing every aspect of our lives. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility.
Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 2.3%. This performance was discouraging since the S&P 500 returned 5%.
