Top 9 Trending AI News Investors Probably Missed

7. Domo, Inc. (NASDAQ:DOMO)

Number of Hedge Fund Holders: 18

Domo, Inc. (NASDAQ:DOMO) is a technology company that offers a cloud-based business intelligence platform. Its platform digitally connects management teams, frontline employees, and various people, data, and systems. It also offers AI-powered solutions that help businesses analyze data and automate processes. The company’s strategic positioning in AI and data analytics is already starting to bear fruit.

On March 7, Domo, Inc. (NASDAQ:DOMO) delivered better-than-expected fourth-quarter and full-year 2024 results. It also provided upbeat guidance that affirmed underlying growth. Its fourth-quarter revenue totaled $78.8 million, above consensus estimates of $78.06 million. It also posted an adjusted net loss per share of $0.05 against analysts’ estimates of a loss of $0.17 a share. The better-than-expected financial results came from Domo, which laid the foundation for durable and sustainable growth as it works on innovative AI solutions.

“Domo was made for this rapidly evolving AI and data environment, and we are thrilled to be executing strategically, while also guiding to billings growth for this year and cash flow generation this quarter and this year,” said Josh James, founder and CEO, Domo.