Latest news with #CoupangInc
Hans India
a day ago
- Business
- Hans India
Coupang logs in hiring drive for Hyd facility
Hyderabad: US-based technology firm Coupang Inc. on Tuesday announced the expansion of its India Development Centre with the launch of a new office in Hyderabad. The new office, which opened in July, reinforces India's role as a fast-growing hub for its global technology and innovation initiatives, according to a statement. The Hyderabad office will focus on deep tech capabilities, including core system ownership and generative AI innovation, the company said in the statement. 'We continue to deliver strong growth and profitability by staying focused on building cutting-edge technology and customer experiences. India is central to our vision as we scale our engineering capabilities and global footprint,' Harshal Wanjari, Vice President of Engineering at Coupang, said. The company said it is also hiring across a wide range of technology roles in its Bengaluru and Hyderabad locations. Coupang's India teams lead domains such as logistics, finance platforms, fraud detection technology, and cloud infrastructure, supporting its operations in markets like Korea and Taiwan. 'Among all of Coupang's engineering hubs across the United States, Europe, and Asia, India stands out for its rapid growth, ownership of mission-critical systems & programmes and deep bench of top-tier tech talent. 'India-based teams are also at the forefront of advanced AI and generative AI innovation, building capabilities that enhance customer experience and automate operations across Coupang's global businesses,' it said. The company reported net revenue of $8.5 billion (about Rs 70,800 crore), a 16 per cent year-on-year increase. Its operating income for the quarter stood at $149 million (about Rs 1,240 crore).
Yahoo
05-07-2025
- Business
- Yahoo
Coupang Rebrands AI Cloud Service as Coupang Intelligent Cloud/CIC, Offers GPU-as-a-Service
Coupang Inc. (NYSE:CPNG) is one of the best up and coming stocks to invest in now. On July 2, Coupang announced the rebranding of its AI cloud computing service as Coupang Intelligent Cloud/CIC. This rebranding signifies an evolution of Coupang's existing AI infrastructure, which has been used to enhance its internal services and operations. CIC will now offer GPU-as-a-Service (GPUaaS) for Coupang's internal applications, as well as for external clients like research organizations and startups. The service is supported by state-of-the-art data centers located in Seoul, South Korea. A woman holding a laptop, wearing a graphic t-shirt, casually checking her e-commerce order. These facilities are equipped with cutting-edge infrastructure and feature high-capacity power systems, advanced cooling technologies, redundant power architecture, and multi-network support. By offering CIC, Coupang will be able to monetize its compute resources. Coupang Inc. (NYSE:CPNG) owns and operates retail businesses through its mobile applications and internet websites in South Korea and internationally. While we acknowledge the potential of CPNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Morgan Stanley Names Coupang (CPNG) Its New Top Pick, Lifts PT
On May 27, Coupang Inc. (NYSE:CPNG) was named a Top Pick by Morgan Stanley analyst Seyon Park, who also maintained his Overweight rating and raised the price target from $27 to $32. Park highlighted several drivers for his rating, the foremost being the company's strong execution and low impact from tariffs. The company also benefits substantially from the weakening of the dollar. A customer entering an internet retail store, illustrating the convenience of online shopping. Moreover, the analyst considers Coupang's services superior to those of the competition, which leads to increased traffic and continues to support strong earnings growth for the company. The company's relatively lower valuation also supports Park's optimistic view compared to its peers. Coupang is a US-based technology company that operates a retail business, food delivery service, and OTT streaming service. While we acknowledge the potential of CPNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CPNG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
27-05-2025
- Business
- Yahoo
Morgan Stanley Names Coupang (CPNG) Its New Top Pick, Lifts PT
On May 27, Coupang Inc. (NYSE:CPNG) was named a Top Pick by Morgan Stanley analyst Seyon Park, who also maintained his Overweight rating and raised the price target from $27 to $32. Park highlighted several drivers for his rating, the foremost being the company's strong execution and low impact from tariffs. The company also benefits substantially from the weakening of the dollar. A customer entering an internet retail store, illustrating the convenience of online shopping. Moreover, the analyst considers Coupang's services superior to those of the competition, which leads to increased traffic and continues to support strong earnings growth for the company. The company's relatively lower valuation also supports Park's optimistic view compared to its peers. Coupang is a US-based technology company that operates a retail business, food delivery service, and OTT streaming service. While we acknowledge the potential of CPNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CPNG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Why Coupang, Inc. (CPNG) Skyrocketed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Coupang, Inc. (NYSE:CPNG) stands against other Wednesday's best-performing stocks. The stock market rebounded on Wednesday, with all major indices ending in the green as investors cheered the Federal Reserve's decision to keep interest rates unchanged. On Wednesday afternoon, the Fed kept rates steady at a range of 4.25 percent to 4.5 percent, saying that it was not in a hurry to cut rates and could still 'wait and see' the impact of President Donald Trump's tariff policies. The Dow Jones rallied by 0.70 percent, the S&P 500 increased by 0.43 percent, and the Nasdaq grew by 0.27 percent. Beyond the major indices, 10 firms stood out with strong gains, thanks to a flurry of fresh developments, including new partnerships, optimistic outlooks, and impressive earnings performance. In this article, we name Wednesday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A woman holding a laptop, wearing a graphic t-shirt, casually checking her e-commerce order. Coupang Inc. saw its share prices surge by 10.83 percent on Wednesday to end at $26.60 apiece as investors cheered its improved earnings performance for the first quarter of the year. In a statement, Coupang, Inc. (NYSE:CPNG) said that net income attributable to shareholders during the period expanded by 2,040 percent to $107 million from $5 million in the same period last year, while net revenues increased by 11 percent to $7.908 billion from $7.114 billion year-on-year. Additionally, Coupang, Inc. (NYSE:CPNG) announced that its board of directors recently approved a share buyback program amounting to $1 billion. The initiative was part of its broader capital allocation strategy to provide shareholder value. The buyback program only covers its Class A common shares. Coupang, Inc. (NYSE:CPNG) is a technology company providing retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play, and Farfetch. Overall, CPNG ranks 6th on our list of Wednesday's best-performing stocks. While we acknowledge the potential of CPNG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CPNG but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
