Why DigitalOcean Stock Skyrocketed Today
DigitalOcean (NYSE: DOCN) stock posted massive gains in Tuesday's trading. The cloud service specialists' share price rose 28.8% in a daily session that saw the S 500 index dip 0.5% and the Nasdaq Composite index fall 0.7%.
DigitalOcean published its second-quarter results before the market opened this morning, and sales and earnings in the quarter beat Wall Street's expectations. In addition to artificial intelligence (AI) catalysts leading to better-than-expected performance in Q2, the company issued a significant raise for its full-year performance outlook.
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Source Fool.com
