Latest news with #cloudcomputing
Zawya
3 hours ago
- Business
- Zawya
DEWA leverages Microsoft solutions to accelerate digital transformation and sustainability in the utilities sector
Dubai, UAE: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), met Naim Yazbeck, General Manager of Microsoft UAE, to explore new opportunities for collaboration in digital transformation, artificial intelligence (AI) and cloud computing within the utilities sector. The meeting focused on leveraging Microsoft's advanced technologies to further drive DEWA's innovation-led initiatives. Discussions centred on enhancing operational efficiency and advancing next-generation infrastructure solutions that align with the Dubai Clean Energy Strategy 2050 and the UAE Net Zero by 2050 Strategic Initiative. Both parties reaffirmed their shared commitment to harnessing Fourth Industrial Revolution technologies to improve service quality, boost cyber security and improve customer experiences, contributing to Dubai's leadership in economic growth and environmental stewardship. 'Our collaboration with Microsoft is instrumental in transforming DEWA to become the world's first AI-native utility, leveraging artificial intelligence across all core operations. By integrating AI and cloud-based solutions, we aim to enhance our renewable energy capabilities, drive operational excellence and provide world-class services in line with Dubai's vision for sustainability and innovation,' said Al Tayer. Yazbeck said Microsoft was proud to support the UAE's ambitions for a strong, digitally powered economy. 'Our work with energy leaders like DEWA enables us to co-develop transformative solutions that redefine energy management, advance sustainability goals and build intelligent, resilient infrastructure across Dubai,' said Yazbeck. As part of this ongoing digital evolution, DEWA has adopted cutting-edge generative AI tools, including the Microsoft Power Platform and Microsoft 365 Copilot. These solutions have significantly enhanced internal productivity, improved service delivery and boosted both employee and customer satisfaction. DEWA began deploying AI technologies as early as 2017 and was among the first utilities globally to implement Microsoft's Copilot platform.
Globe and Mail
3 hours ago
- Business
- Globe and Mail
CoreWeave (CRWV) Bolsters its Growth Story with New AI Cloud Products
Artificial intelligence (AI) cloud provider CoreWeave (CRWV) continues to bolster its growth story with innovative products. At the Weights & Biases Fully Connected Conference held on Wednesday, the company launched three new AI cloud software products and capabilities to help customers develop, deploy, and iterate AI faster. CRWV stock has rallied about 112% over the past month, reflecting investor optimism about the demand for the company's AI infrastructure. Confident Investing Starts Here: CoreWeave Launches New AI Cloud Products CoreWeave, which acquired AI developer platform Weights & Biases in May 2025, launched three new products – Mission Control Integration, W&B Inference, and W&B Weave Online Evaluations, to enable more developers to build AI models on its cloud platform. The launch of these products marks the first software integration between the two companies following the acquisition. The AI cloud computing platform highlighted that these capabilities integrate CoreWeave's infrastructure with Weights & Biases' intuitive tooling to empower AI engineers in training models, performing inference efficiently, and monitoring AI applications. CRWV's Continued Innovation to Boost Demand CoreWeave's efforts to offer innovative products to customers could further strengthen the demand for its platform. Powered by Nvidia's (NVDA) GPUs (graphics processing units), CoreWeave is well-positioned to capture the massive demand for computing from AI companies. This high-growth stock has rallied 325% to $170 from its IPO (initial public offering) price of $40, thanks to optimism about its prospects amid the ongoing AI wave. However, several analysts are concerned about CoreWeave's high cash burn and lofty valuation. Earlier this week, Bank of America analyst Bradley Sills downgraded CRWV stock to Hold from Buy, citing valuation concerns. Is CRWV a Good Stock to Buy? Overall, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on six Buys, 11 Holds, and one Sell recommendation. The average CRWV stock price target of $78.53 indicates downside risk of about 54% from current levels. See more CRWV analyst ratings Disclaimer & Disclosure Report an Issue
Yahoo
3 hours ago
- Business
- Yahoo
Arcfra Launches Joint VDI Solution with Omnissa, Slashing Costs by 61% Compared to VMware vSAN
SINGAPORE, June 20, 2025 /PRNewswire/ -- Arcfra today announced a joint VDI solution with Omnissa, offering a cost-effective, high-performance alternative to traditional VDI deployments. The integrated solution enables enterprise customers to deploy Omnissa Horizon on Arcfra Enterprise Cloud Platform (AECP), reduces storage cost by up to 61% compared to VMware vSAN, while delivering enterprise-grade performance and streamlined management. As a member of the Omnissa Technology Partner Program, Arcfra has completed certification for Horizon Partner Application/Middleware Program and earned the Omnissa Partner Ready – Horizon badge for its flagship platform AECP. What's New In 2025, Arcfra joined the Omnissa Technology Partner Program to strengthen its commitment to delivering future-ready VDI solutions. Following swift certification, its flagship platform AECP enables customers to deploy Omnissa Horizon seamlessly on Arcfra's VDI-optimized infrastructure with full integration and enterprise-level support. The solution is delivered via AECP VDI Essential Edition, which includes all required infrastructure software with no additional charge for storage capacity. Why It Matters Traditional VDI architectures often struggle with centralized storage limitations, leading to performance bottlenecks and slower desktop response times as workloads scale. With Arcfra's distributed, high-performance infrastructure and seamless integration with Omnissa Horizon, organizations benefit from: Substantial Cost Savings: Reduce VDI storage costs by 61% compared to VMware vSAN, without compromising performance. High Performance Without Boot Storms: Distributed storage and converged architecture eliminate boot storm issues, ensuring consistent, reliable desktop experiences. Fast Time-to-Value: Simplified deployment architecture allows businesses to get up and running quickly with reduced implementation time. Streamlined Operations: A unified management console, combined with standard x86 servers and Ethernet switches, reduces operational complexity and overhead. Scalable and Flexible Growth: The distributed architecture supports incremental scaling at the component or node level—pay only as you grow. To explore the joint solution in more detail, download the full solution brief here. The 61% storage cost savings is based on a storage software license cost comparison between Arcfra Enterprise Cloud Platform (AECP) VDI Essential Edition and VMware vSAN, calculated for a virtual desktop deployment of 500 concurrent users (CCU) targeting office workers VDI use cases. The comparison assumes 360TB of usable storage capacity and 560 CPU cores required for the deployment. Pricing and configurations are based on publicly available or estimated list prices as of Q2 2025. Actual results may vary depending on configuration, negotiated pricing, and infrastructure requirements. View original content: SOURCE Arcfra
Yahoo
13 hours ago
- Business
- Yahoo
NYSE: SHOP) with a 'BUY' Rating and 12-Month Price Target of $130 USD
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Rockcliffe Capital is pleased to announce the initiation of equity research coverage on Shopify Inc. (TSX/NYSE: SHOP), one of North America's leading cloud-based commerce platforms empowering millions of merchants globally. Following a comprehensive fundamental and technical review, Rockcliffe Capital assigns Shopify a 'BUY' rating, supported by a 12-month price target of $130 USD, representing meaningful upside from current levels. 'Shopify stands at the intersection of software, e-commerce, and AI—a rare combination that positions it as a foundational platform for the future of global retail,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'Its durable growth, consistent free cash flow margins, and deep investments in AI make it a generational compounder.' Investment Thesis Highlights: • Sustainable Growth: Revenue rose 27% year-over-year in Q1 2025 to $2.36 billion, driven by continued GMV expansion and international strength. • Strong Cash Flow Profile: 15% free cash flow margin in the last quarter, with management guiding toward mid-teens margins in Q2. • AI & Enterprise Tailwinds: New generative AI tools, including 'Sidekick,' and accelerated enterprise adoption are expected to drive next-phase monetization. • Global Reach, Expanding TAM: Operating in 175+ countries, with increasing traction across emerging markets and B2B verticals. Valuation & Target: Rockcliffe Capital's proprietary model assigns Shopify a 2026E EV/Revenue multiple of ~18x, reflecting its leadership in e-commerce infrastructure and upcoming monetization from AI and enterprise. Our $130 USD price target reflects a base-case scenario with upside potential through further international penetration and SaaS revenue lift. Risk Factors: Key risks include macroeconomic pressure on discretionary spending, increased platform competition, and possible volatility tied to Shopify's strategic equity investments. However, we believe these are well-managed within the current roadmap and capital structure. About Rockcliffe Capital Research Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Business
- Yahoo
Could Buying AI Beneficiary CoreWeave Stock Set You Up for Life?
CoreWeave recently went public, and its stock is soaring. Revenue is growing quickly, but profits remain elusive. The stock is one to avoid right now due to its high valuation. 10 stocks we like better than CoreWeave › Artificial intelligence (AI) is changing the game for many sectors. Cloud computing is no exception. The outsourced data center and computing strategy that has steadily gained market share in the last two decades is now seeing accelerating growth because of AI, which requires an immense amount of compute to train and operate. One cloud company to watch in the AI space is CoreWeave (NASDAQ: CRWV). It is an AI-focused cloud provider that just went public in 2025, with revenue growing 420% year over year last quarter. Could buying this AI stock help set up your portfolio for life? CoreWeave began its operations as a cryptocurrency mining operation. However, in 2019, the company pivoted its operations to cloud computing using Nvidia graphic processing units (GPUs). This decision -- either through foresight or luck -- set up CoreWeave to take advantage of the growing computing demand from AI companies. Buying up tons of the latest Nvidia computer chips, CoreWeave has been able to offer a cloud computing service built specifically to focus on AI. As a start-up, this has allowed it to operate much more nimbly than the big players in the space, such as Amazon Web Services (AWS), leading to contract wins and spending flowing to CoreWeave. It currently has an order backlog of $25.9 billion. Revenue is growing rapidly. Sales grew 420% year over year last quarter to $980 million, making CoreWeave one of the fastest-growing companies in the world. With such a large backlog to work through, the company looks set to keep growing at a fast rate and eclipse $10 billion in annual revenue in the near future. It is exciting times for the company, which has led to optimism in its stock price. Just a few years ago, this start-up was not worth much at all. Now it has a market cap of $71 billion. Fast growth from CoreWeave has not come without a price. The company had a $27.4 million operating loss last quarter. This may not seem like much, but when you look at the company's interest expense on debt and capital expenditures, the picture is more extreme. In order to finance its data center build-out, CoreWeave has loaded up its balance sheet with $3.77 billion in current debt and close to $5 billion in long-term debt. This debt had $264 million in net interest expense last quarter, or 27% of the company's revenue, and will be a headwind for a long time as the company tries to scale. Free cash flow is aggressively negative, at a $1.35 billion burn rate just in the first quarter of 2025. That is an annual burn rate of over $5 billion a year. The company needs to scale up spending on its platform quickly to stem this cash burn. With only $2.5 billion in total cash and equivalents on the balance sheet, CoreWeave is going to have to raise money in the near future in order to finance its data center growth plans. CoreWeave fits the classic definition of a high-growth stock that just went through its initial public offering. Investors are rightfully excited about how fast it is growing, but the company is operating aggressively with huge cash burn that presents a risk to its viability if AI spending slows down or stops. What should temper your expectations and make you hesitant to buy this stock is the valuation. At a market cap of $71 billion, the company is trading at over 30 times its trailing-12-month revenue. Yes, if revenue keeps growing at 400% a year, this price-to-sales (P/S) ratio will come down quickly. This is not likely to occur forever, however, as the company is already generating billions in annual revenue. Plus, the company will not have sky-high margins because of all the interest expense it has to pay on its debt. It will likely need to raise more money shortly due to its heavy cash burn. To sum it up, there are a lot of ways for an investment in CoreWeave stock to go wrong. You need rapid growth to continue and a rapid transition to positive cash flow. If this does not happen, the stock will likely perform poorly for investors over the next few years, which is why you should not buy any shares today. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Brett Schafer has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Nvidia. The Motley Fool has a disclosure policy. Could Buying AI Beneficiary CoreWeave Stock Set You Up for Life? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
