Other products include Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree and Statuspage.
Atlassian Intelligence uses generative AI technology from OpenAI to create, summarize and extract information from content, enabling teams to accelerate their work. With Atlassian Intelligence, users can quickly summarize decisions and action items from meeting minutes and other data.
KeyCorp has a Buy rating on the stock with a $205 price target, well above the consensus target. Atlassian stock closed almost 7% lower on Thursday at $175.64.
Marvell Technology
This chip maker is probably well under the AI radar but could be another big winner. Marvell Technology Inc. (NASDAQ: MRVL) provides data infrastructure semiconductor solutions, spanning the data center core to network edge.
The company develops and scales complex SoC architectures, integrating analog, mixed-signal and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers and switches; single or multiple core processors; custom application specific integrated circuits; and SoC solutions.
It also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics and data center interconnect solutions; fiber channel products comprising host bus adapters and controllers; single or multiple core processors; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe) and NVMe over fabrics.
The company is modeling a stunning $400 million in AI sales this year and $800 million in 2024. Its Computing and AI applications have now grown to become the single largest revenue driver and opportunity for Marvell’s cloud-optimized silicon platform.
BofA Securities just added Marvell Technology stock to its US 1 list of top picks. The firm’s $80 target price is well above the $68.50 consensus target and Thursday’s close at $63.22.
Zscaler
This remains one of the hottest cybersecurity stocks and is a top pick across Wall Street. Zscaler Inc. (NASDAQ: ZS) operates as a cloud security company worldwide. Its offerings include the following:
- Zscaler Internet Access solution provides users, workloads, IoT, and OT devices secure access to externally managed applications, including SaaS applications and internet destinations.
- Zscaler Private Access solution is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.
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