Dataiku has achieved a significant milestone by surpassing $300 million in annual recurring revenue, marking a doubling of its ARR over the past three years. The company has seen accelerated adoption of its Generative AI capabilities, now utilized by over 20% of its 700+ global customers for over 1,000 active use cases each. This growth has been supported by its expanding global footprint and a workforce of over 1,100, serving a substantial portion of the Forbes Global 2000 companies. Dataiku's platform, noted for empowering business teams and delivering financial efficiency, has garnered recognition across various industry awards and reports, including a spot on Forbes' Cloud 100 list for 2024.

In other trading, IonQ was a standout up 5.5% and ending trading at $41.55. At the same time, QXO softened, down 8.7% to close at $13.71. This week, QXO was removed from the NASDAQ Composite Index.

Alphabet's AI integration in search and YouTube is set to boost revenues. Click to explore the full narrative on Alphabet's evolving business strategy.

For more on this topic, don't miss our Market Insights article, "The AI Capex Cycle Shows No Signs Of Slowing Down," which explores the ongoing investment surge in AI infrastructure and its implications for the Cloud AI sector, highlighting both the opportunities and challenges for key industry players.

Best Cloud AI Stocks

• Super Micro Computer finished trading at $31.12 up 0.4%.
• Microsoft ended the day at $424.58 down 0.4%. Microsoft's recent integrations, announced 2-3 days ago, enhance AI capabilities and security across its platforms, focusing on seamless workflows and improved identity management.
• Alphabet finished trading at $192.91 down 1.3%, not far from its 52-week high.

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• Explore the 151 names, such as Atlassian, Fujitsu and ServiceNow, from our Cloud AI Stocks screener here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

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:

• Simply Wall St
• "Dataiku Surpasses $300M ARR Milestone, Accelerating GenAI Adoption and ROAI in Global Enterprises" from Dataiku on GlobeNewswire (published 16 January 2025)

Companies discussed in this article include NYSE:IONQ NasdaqGS:SMCI NasdaqGS:MSFT NasdaqGS:GOOGL and NasdaqCM:QXO.

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