Mid-Cap Stocks Surge on AI Cloud Theme... Market Cap Increases by 1.2 Trillion Won in One Day
DigitalOcean Holdings, Inc. (DOCN) shares jumped 7.33% on the New York Stock Exchange to close at $103.50, with trading volume reaching approximately 1.62 million shares. The surge lifted the company’s market capitalization to about $10.59 billion (roughly KRW 14.8 trillion), representing a one-day increase of nearly $840 million (around KRW 1.2 trillion).
At its recent annual conference, DigitalOcean unveiled an AI-native cloud platform built for inference workloads, spotlighting enhanced GPU infrastructure and agent-based cloud services. In its February release of fourth-quarter 2025 results, the company reported quarterly revenue growth of 18% year-over-year and raised its revenue-growth guidance for 2026 to approximately 21%, citing robust demand for AI infrastructure as the basis for its mid-term growth confidence.
DigitalOcean is a U.S. cloud-infrastructure provider that has expanded by targeting small and medium-sized businesses, startups, and developers with a simple interface and competitive pricing. It currently serves over 640,000 customers across 20 data centers in five regions. The company has recently repositioned itself as an AI-native cloud provider, aiming at developers and SaaS firms seeking lighter AI infrastructure alternatives to the major hyperscalers.