How 'Cloud and AI' Are Fueling Record Valuations for Legacy Software Firms

Saturday, 29 June 2024, 19:00

The stock market is witnessing record valuations for legacy software giants like Oracle, SAP, and IBM driven by the growth of 'Cloud and AI' technologies. This surge reflects the increasing importance of cloud computing and artificial intelligence in reshaping the future of these tech stalwarts. As these companies pivot towards innovative solutions, investors are responding positively to their strategic shifts and transformative potential.
TechCrunch
How 'Cloud and AI' Are Fueling Record Valuations for Legacy Software Firms

Legacy Software Firms Reach Record Valuations

The stock market is witnessing a surge in valuations for legacy software giants like Oracle, SAP, and IBM, driven by the growth of 'Cloud and AI' technologies.

Growth Powered by 'Cloud and AI'

This reflects the increasing importance of cloud computing and artificial intelligence in reshaping the future of these tech giants.

  • Oracle, SAP, and IBM are witnessing positive investor responses to their strategic shifts.
  • Investors are recognizing the transformative potential of these companies focused on innovative solutions.

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