Hidden Stronghold in US Cloud Sees Market Cap Increase of $6.5 Billion in One Day

DigitalOcean Holdings Inc. (NASDAQ: DOCN) shares climbed 8.34% to close at $59.86 on the New York Stock Exchange, driving the company’s market capitalization up to approximately $5.48 billion (around KRW 7.1 trillion).

Over the trading session, market cap increased by about $498 million (roughly KRW 650 billion), with sustained buying pressure and a total volume of 2.25 million shares.

Barclays recently reaffirmed an “overweight” rating on the stock and raised its price target from $49 to $63. Piper Sandler likewise lifted its target, reflecting growing optimism around AI-related growth prospects.

Institutional interest also picked up: D.A. Davidson and other firms established new positions in Q3 2025. Through that quarter, DigitalOcean reported revenues of $659 million and net income of $233.6 million, extending its double-digit growth trend on the back of strong AI business performance.

DigitalOcean offers cloud infrastructure and platform services tailored to developers, startups and small-to-medium-sized enterprises. Its offerings are widely used for web and mobile applications, website hosting, e-commerce, media and gaming, as well as managed services.

Most recently, the company entered a strategic partnership with Persistent Systems to expand its cost-effective, security-enhanced AI cloud services, concentrating on broadening its global customer base—particularly across North America.