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Investors have fallen in love with artificial intelligence (AI) start-up CoreWeave. The AI cloud provider is growing its capacity at a rapid pace, and it just announced a new $6 billion data center project.
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Another technology player just got into the artificial intelligence (AI) game. Coupang (CPNG -1.22%) recently unveiled its new intelligent cloud computing service focused on AI, which is vying for government funding as South Korea aims to become a cloud computing hub.
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In the closing of the recent trading day, Coupang, Inc. (CPNG) stood at $30.08, denoting a -1.22% move from the preceding trading day.
Coupang (CPNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Everyone loves investing in the hottest new technology. The problem is, investing in cutting-edge technology can be risky, as there is constant disruption peeking around the corner that could kill your business model.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced the rebranding of its AI cloud computing service as Coupang Intelligent Cloud (CIC). CIC represents the evolution of Coupang's AI infrastructure. Over the years, Coupang has extensively utilized its AI computing infrastructure to enhance its services and operations and also provides GPU-as-a-Service (GPUaaS), including to external parties. CIC's data centers, located in Seoul, South Korea and the greater metropolitan area, are.
Coupang, Inc. (CPNG) concluded the recent trading session at $29.96, signifying a -2.76% move from its prior day's close.