India, July 7 -- DigitalOcean Holdings, Inc. (DOCN) shares rose 7.28 percent to $140.93, gaining $9.56 on Tuesday, from the previous close of $131.37, after the cloud infrastructure provider announced multiple nine-figure annual customer commitments for its AI inference and cloud products and raised expectations for future growth.
The stock opened at $145.00 and traded between $136.10 and $146.57 during the session on the New York Stock Exchange. Trading volume reached 1.97 million shares, compared with an average daily volume of 4.18 million shares.
The company said its remaining performance obligations (RPO) are expected to increase more than tenfold from the second quarter of fiscal 2025 to more than $800 million, while the weighted av...