Point-of-sale devices for merchants hardly seem the stuff of fame and fortune, but Square (NYSE: SQ) allowed small- and medium-sized businesses to operate on a more even playing field against their larger brethren. Tech stocks of any stripe have largely done well in the six years since Square's initial public offering on Nov. 19, 2015. In that time it has added greater functionality and opportunity by offering analytics and even small business loans to help business customers succeed. Read More...
Motley Fool
Why C3.ai Stock Got Clobbered on Thursday
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company’s remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
