Innodata wins two Synodex platform deals 11/09 INOD Innodata announced that it has won Synodex platform deals with two new customers - each a Fortune 500 diversified financial services company with over $200 billion in assets. Innodata estimates the two engagements collectively at $1.1 million per year of ongoing annual revenue. One of the engagements is due to kick off this week and the other is anticipated to begin in Q1 of 2023. Show Related Items >> Innodata signs Cloud migration deal with global customer 11/08 INOD Innodata announced that it has signed a Cloud migration deal with a global customer to enable the customer to take fuller advantage of artificial intelligence / machine learning models Innodata built for the customer that are expected to drive operational efficiencies. You would hope hat two mega deals would net more than $1.1 mil> But the potential seems here...
Partial TA) $3.40 represents significant overhead. That would be a triple top! We are in a rising channel now with $3.20 being in site. In Aug this stk fell off a cliff from $7. However there is considerable time at $4.60 - $4.80 before that. $4.60 would be the target.
When it comes to AI stocks, companies that make models and algorithms typically get the most attention. But you can't have the software without powerful hardware – the larger the datasets get, the more sophisticated the processing chips need to be. Good news for GPU leader Nvidia (NVDA, $170). Nvidia's AI technologies have spurred wild growth in its data center segment, which increasingly relies on analytics. First-quarter data center revenues shot up by 83% YoY (and 15% sequentially) to a record $3.75 billion, powering overall sales of $8.3 billion (up 46% YoY). That said, Nvidia doesn't just do GPUs. The company also is in the AI software game. It has SDKs (software development kits) for vehicle route planning, logistics, natural language processing (NLP) and more. Moreover, its gaming chips just logged 31% YoY revenue growth for its first quarter, bringing in a record $3.6 billion. The company is even gunning for the metaverse. Nvidia is ideally positioned for this because of its high-end graphics and AI expertise. To this end, the company has recently launched the Omniverse Enterprise – a set of tools for creating AI-based avatars. Nvidia has its fingers in numerous artificial intelligence pies, making it one of the top AI stocks you can find.
Let me finish up this GBA AI Weekend Special Review-- with one of the better looking charts. SUMO. We are in an uptrend and have work to do at $9 level. Target I'm not sure yet.... SUMO Sumo Logic, Inc. $8.36 +0.35(+4.37%) 12/09/22
Data fuels artificial intelligence, but it can be a pain to work with. Errors, outliers, missing items and more can all result in skewed models. Quality data systems can help, and that's where Sumo Logic (SUMO (opens in new tab), $7.76) comes in. Founded in 2010, the company has developed a cloud-native platform that has sophisticated tools to analyze enormous datasets. The platform manages more than 200 petabytes (a petabyte is 1 million gigabytes) of data from over 20 million searches every day. The initial use case for Sumo Logic was for cybersecurity, as the technology can process the data in real time – a much for that technological competency. But over the past few years, the company has expanded into other categories such as applications and infrastructure, as well as a move into business intelligence. But over the past few years, the company has expanded into other categories like systems to optimize applications and infrastructure. There has also been a move into Business Intelligence (BI). In the meantime, Sumo Logic continues to improve and add to its platform. Some of the recent enhancements include more observability capabilities, threat protection features, added data sources and integrations. "Sumo Logic is seeing strong growth at large customers," adds William Blair analyst Kamil Mielczarek, "with 469 customers generating more than $100,000 in ARR, up 25% year-over-year."
you got your big boys for sure (IBM has bought like 4 AI compnaies) and data center is going to be big and NVDA has a play there... GooG but who can afford it.... INOD & SUMO are interesting small cap ways of playing AI. I want to start a new portfolio of AI ideas. Have a Great Sunday. ~stoney
Hey all I got my favorite sports team that I blog about but absolutely kicked yesterday and have alot of fans upset and suicidal... I don't see much in the news flow. I am stuck on 3D ideas so don't follow me here unless you believe! NNDM@ $2.10 is the play . and your GUMMY OF THE DAY!
When the market opens BUY SUMO. Sumo Logic Third Quarter 2023 Earnings: Beats Expectations Simply Wall St Sun, December 11, 2022, 7:43 AM In this article: SUMO +4.37% Watchlist Recommendation Rating Buy Sumo Logic (NASDAQ:SUMO) Third Quarter 2023 Results Key Financial Results Revenue: US$79.0m (up 27% from 3Q 2022). Net loss: US$26.3m (loss narrowed by 15% from 3Q 2022). US$0.22 loss per share (improved from US$0.28 loss in 3Q 2022). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period Sumo Logic Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. The company's shares are up 7.5% from a week ago. GBA BUY- SUMO $8.45 ADD Sumo Logic, Inc. (SUMO)
Folks I'm on the road I got a buzz in from the HF that SNOW was on the move and in fact C3 as well apparently I nailed this AI thing!!! Scoop Up AI companies!!!! >>> I'll touch base later I have a 3-5 conference and then a HS basketball game to watch... GO M<ARKET!!!!!