10 AI Stocks Analysts Are Watching: Latest Ratings and News

8. Confluent, Inc. (NASDAQ:CFLT)

Number of Hedge Fund Holders: 39

Confluent, Inc. (NASDAQ:CFLT) is a technology company that provides data streaming platforms. On February 11, the company announced that it had signed a strategic partnership with Jio Platforms Limited, an Indian multi-technology company, for Jio Cloud Services. This partnership marks a significant advancement in India’s digital capabilities. The agreement will allow Confluent Cloud, Confluent’s fully managed, cloud-native data streaming platform, to be available on Jio Cloud Services. This will in turn enable businesses to get started with data streaming. Meanwhile, Confluent Platform, its full-scale data streaming platform, will be offered as a managed service for India’s consumers and enterprises. The partnership will allow enhancing India’s data streaming capabilities as data streams are fundamental for real-time and GenAI use cases.

“Confluent with Jio will enable more organizations in India to harness the power of data streaming to fuel their businesses with real-time data and provide better services to its citizens. Partnering with one of India’s most influential and innovative companies is a huge leap forward for making data streaming easily accessible and pervasive. We look forward to partnering with Jio to help organizations advance their digital capabilities with streams of constantly flowing data.”

-Erica Schultz, President of Field Operations, Confluent.