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Why is DOCN Stock Up Today? DigitalOcean's AI Growth and Blavatnik Stake Explained
['Lakshmi Prabha']
ibtimes.sg : Top News
The firm also increased its full-year revenue outlook, attributing the increase in demand to its AI infrastructure and inference services.
AI Business Drives GrowthAI customer annual recurring revenue grew to $234 million, marking a 212% increase year-over-year, DigitalOcean said.
The company said 85% of AI customer ARR now comes from inference products and core cloud services rather than bare-metal GPU infrastructure.
Management now expects approximately 30% revenue growth for 2026 and projects growth accelerating to around 35% by the fourth quarter.
Executives also said they believe the company has a path toward exceeding 50% revenue growth in 2027, supported by expanding AI demand.