10 High-Flying AI Stocks This Week

5. Confluent, Inc. (NASDAQ:CFLT)

Number of Hedge Fund Holders: 48

Confluent, Inc. (NASDAQ:CFLT) is a technology company that offers a data streaming platform that enables businesses to harness real-time data for applications and insights. The company also focuses on enabling real-time AI applications by providing a data streaming platform that facilitates data stream capture, processing, and integration. On March 19, the data streaming company announced new capabilities in Confluent Cloud for Apache Flink.

The new capabilities are designed to simplify and enhance the process of developing artificial intelligence capabilities. The capabilities also represent a significant push in strengthening Confluent, Inc. (NASDAQ:CFLT) product portfolio to address the growing demand for Streamline AI development tools. In addition to potentially increasing Confluent’s addressable market by including additional AI-focused use cases and clients, these features help the company’s business possibilities stand out in the data streaming industry.

“With the latest advancements in Confluent Cloud for Apache Flink, we’re breaking down those barriers—bringing AI-powered streaming intelligence within reach of any team. What once required a patchwork of technologies can now be done seamlessly within our platform, with enterprise-level security and cost efficiencies baked in,” said Shaun Clowes, Chief Product Officer at Confluent.