Confluent’s AI Potential Emerges Amid Stock Plunge
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BTCCSquare news:
Confluent's shares tumbled to a 52-week low following disappointing guidance, despite beating Q2 earnings estimates. Revenue climbed 20% year-over-year to $282 million, with earnings per share jumping 50% to $0.09. The data streaming platform's growth slowdown reflects broader enterprise cost-cutting trends.
CEO Jay Kreps attributes the deceleration to customer optimization efforts. Yet the company's real-time data infrastructure positions it as a dark horse in AI adoption. Savvy investors recognize the dip as a potential entry point for exposure to enterprise AI infrastructure.
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