Posted 2/29/2024, 1:00:00 PM
Confluent Stock Surges on Booming Demand for Real-Time Data in AI Applications
- Confluent stock has surged over 40% in 2023 as it sees 325% earnings growth in 2024 and becomes a player in AI
- Confluent offers a real-time data management framework to help companies make faster decisions
- It sees strong demand from companies building generative AI applications like ChatGPT
- Confluent competes against internal tech teams and cloud providers like AWS and Microsoft
- Analysts are bullish on Confluent with several recent upgrades and strong growth expected in Confluent Cloud