Palo Alto Networks and DigitalOcean Leverage AI for Security and Cloud Growth
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Palo Alto Networks is using AI across its cybersecurity platforms to provide advanced protection against threats. Its new product Cortex XSIAM resolves up to 90% of security incidents without human input.
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Palo Alto aims to get customers to ditch competing cybersecurity products to exclusively use Palo Alto, which could drive significant long-term growth.
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DigitalOcean acquired Paperspace to provide affordable AI infrastructure, GPUs, and cloud services for small and medium businesses.
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DigitalOcean estimates a $114B market opportunity in 2024 for small business cloud services, which could massively expand with AI.
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Both Palo Alto and DigitalOcean stocks are well below their all-time highs, presenting potential long-term entry points for investors.