Latest news with #MichaelPlatt
Yahoo
6 days ago
- Business
- Yahoo
CloudZero raises $56m to enhance cloud cost efficiency solutions
CloudZero, a provider of cloud cost efficiency solutions, has raised $56m in a Series C funding round after achieving triple-digit growth for another year. The round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and a strategic investment from MongoDB. The company plans to leverage the capital to support its efforts to advance AI-driven research and development (R&D), expand its go-to-market strategy, and strengthen its partner ecosystem. BlueCrest Capital Management founder and CEO Michael Platt said: 'Organisations that optimise their cloud costs gain a competitive advantage, while those that neglect cost management risk limiting their growth and innovation.' The company's cloud cost optimisation platform connects engineering decisions to business outcomes, helping teams manage and optimise cloud and AI infrastructure costs. Trusted by organisations such as Coinbase, DraftKings, Expedia, Moody's, and Nubank, CloudZero plans to use the funding to enhance AI-driven cost analytics and forecasting, deepen integrations across developer and finance workflows. Furthermore, the funding will be used by the company to expand its network of strategic partners and cloud alliances. CloudZero CEO Phil Pergola said: 'AI is redefining what's possible — but without a deep understanding of cloud unit economics, innovation becomes unsustainable. 'CloudZero is pioneering a new standard for cloud cost optimisation, giving companies the precision they need to scale cloud and AI responsibly.' CloudZero's platform automates the collection, allocation, and analysis of cloud costs, providing full visibility into operational cloud spend and identifying savings opportunities for engineering teams. In November 2024, CloudZero was recognised as a validated MongoDB technology partner, becoming the first cloud cost management platform in the MongoDB Partner Ecosystem. This partnership includes a new integration with MongoDB Atlas, designed to help customers better visualise and understand their MongoDB expenses. MongoDB Atlas is a multi-cloud developer data platform, which is used by millions of developers and over 50,000 customers. "CloudZero raises $56m to enhance cloud cost efficiency solutions" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Here's Why Artisan Mid Cap Fund is Seeing Upside Potential in Snowflake (SNOW)
Artisan Partners, an investment management company, released its 'Artisan Mid Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund's Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Snowflake Inc. (NYSE:SNOW). Snowflake Inc. (NYSE:SNOW) offers a cloud-based data platform to support various organizations. The one-month return of Snowflake Inc. (NYSE:SNOW) was 25.74%, and its shares gained 5.52% of their value over the last 52 weeks. On May 05, 2025, Snowflake Inc. (NYSE:SNOW) stock closed at $167.87 per share with a market capitalization of $56.085 billion. Artisan Mid Cap Fund stated the following regarding Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter: "During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company's sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models." Snowflake Inc. (SNOW): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Snowflake Inc. (NYSE:SNOW) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held Snowflake Inc. (NYSE:SNOW) at the end of the fourth quarter which was 71 in the previous quarter. While we acknowledge the potential of Snowflake Inc. (NYSE:SNOW) 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 timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Yahoo
30-04-2025
- Business
- Yahoo
Snowflake Inc. (SNOW): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other billionaire Michael Platt's stock picks with huge upside potential. Michael Platt is the co-founder and CEO of BlueCrest Capital Management, which was founded in 2000 following his almost decade-long employment at JPMorgan. BlueCrest reached its height in 2013, when it became one of the world's largest hedge funds, managing more than $35 billion in assets. In 2015, in response to equity challenges and disappointing results that caused investor withdrawals, Platt converted the company into a family office. This strategy adjustment proved to be a game-changing decision for BlueCrest Capital Management. Since becoming a family office, the fund has generated impressive net returns, including 50% in 2016 and 54% in 2017. It has continued to succeed, delivering returns of at least 25% annually, including outstanding net returns of 95% in 2020 and 153% in 2022. Platt's aversion to the spotlight is almost as famous as is his financial competence. His last significant public appearance was more than a decade ago, to promote an art display featuring a life-size wax gorilla nailed to a wooden cross. Since then, he has shunned the media. Despite his preference for privacy, Platt has been involved in a number of regulatory disputes. BlueCrest has received hefty penalties from both the US Securities and Exchange Commission and the UK Financial Conduct Authority for conflicts of interest and other regulatory violations. However, these setbacks have had no impact on his financial or reputational status, owing to the fact that BlueCrest does not have any external clients. According to Forbes, Michael Platt is Britain's richest hedge fund manager, valued at over $18.8 billion as of December 2024, and is among just a handful who have managed to profit in 2025 despite the global stock market sell-off caused by President Trump's policies. According to Bloomberg, BlueCrest is already up 20% for the year, considering fees and costs. Platt allegedly employed aggressive leverage to take advantage of the increased volatility caused by President Trump's trade war, with BlueCrest currently on course to finish a decade of consecutive returns. For this article, we examined BlueCrest Capital Management's Q4 2024 13F filings to list down billionaire Cliff Asness' stock picks with the highest upside potential. We ranked the companies in ascending order of their upside potential. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure, and Google Cloud. This platform allows for data analysis and simultaneous access to extensive data sets with low latency. It also provides Snowflake Cortex with a set of AI capabilities that employ large language models to analyze unstructured data. Snowflake Inc. (NYSE:SNOW) reported better-than-expected fourth-quarter fiscal 2025 results, with earnings per share of $0.30 and revenues up 27% year-over-year to $986.8 million. The company predicts revenues of $955 million to $960 million in the first quarter of 2026, reflecting a 21% to 22% jump. On April 16, BTIG analyst Gray Powell reiterated his Buy rating on Snowflake Inc. (NYSE:SNOW) and set a steady price target of $220 on the company's shares. Powell's confidence stems from a group pre-quiet period call with Snowflake's Investor Relations team, during which they addressed the company's strategic position and future. Powell also highlighted Snowflake's innovative products, such as Snowpark, Iceberg Tables, and Dynamic Tables, which are projected to drive increased demand in fiscal year 2026. Overall, SNOW ranks 8th on our list of billionaire Michael Platt's stock picks with huge upside potential. While we acknowledge the potential for SNOW as an investment, our conviction lies in the belief that some 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 SNOW but 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. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
GEO Group, Inc. (GEO): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where GEO Group, Inc. (NYSE:GEO) stands against other billionaire Michael Platt's stock picks with huge upside potential. Michael Platt is the co-founder and CEO of BlueCrest Capital Management, which was founded in 2000 following his almost decade-long employment at JPMorgan. BlueCrest reached its height in 2013, when it became one of the world's largest hedge funds, managing more than $35 billion in assets. In 2015, in response to equity challenges and disappointing results that caused investor withdrawals, Platt converted the company into a family office. This strategy adjustment proved to be a game-changing decision for BlueCrest Capital Management. Since becoming a family office, the fund has generated impressive net returns, including 50% in 2016 and 54% in 2017. It has continued to succeed, delivering returns of at least 25% annually, including outstanding net returns of 95% in 2020 and 153% in 2022. Platt's aversion to the spotlight is almost as famous as is his financial competence. His last significant public appearance was more than a decade ago, to promote an art display featuring a life-size wax gorilla nailed to a wooden cross. Since then, he has shunned the media. Despite his preference for privacy, Platt has been involved in a number of regulatory disputes. BlueCrest has received hefty penalties from both the US Securities and Exchange Commission and the UK Financial Conduct Authority for conflicts of interest and other regulatory violations. However, these setbacks have had no impact on his financial or reputational status, owing to the fact that BlueCrest does not have any external clients. According to Forbes, Michael Platt is Britain's richest hedge fund manager, valued at over $18.8 billion as of December 2024, and is among just a handful who have managed to profit in 2025 despite the global stock market sell-off caused by President Trump's policies. According to Bloomberg, BlueCrest is already up 20% for the year, considering fees and costs. Platt allegedly employed aggressive leverage to take advantage of the increased volatility caused by President Trump's trade war, with BlueCrest currently on course to finish a decade of consecutive returns. For this article, we examined BlueCrest Capital Management's Q4 2024 13F filings to list down billionaire Cliff Asness' stock picks with the highest upside potential. We ranked the companies in ascending order of their upside potential. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Security guards in uniforms patrolling an area, standing for the company's safe and secure GEO Group, Inc. (NYSE:GEO) engages in the financing, construction, and provision of services for processing centers, prisons, and community re-entry facilities. Its operations are organized into four segments: US Secure, Electronic Monitoring and Supervision, Re-Entry, and International Services. Noble Capital boosted its price target for The GEO Group, Inc. (NYSE:GEO) to $35 from $32 on March 25, maintaining an Outperform rating on the shares following the company's investor day. According to the firm, TheGEO Group, Inc. (NYSE:GEO) disclosed considerable growth prospects under its new efforts to manage undocumented immigrants on investor day. The GEO Group, Inc. (NYSE:GEO) recently announced a new contract with U.S. Immigration and Customs Enforcement (ICE) to establish a federal immigration processing center in Baldwin, Michigan. Under an anticipated long-term, multi-year deal, GEO's North Lake Facility will provide a variety of support services, including security, maintenance, food service, recreational amenities, medical treatment, and legal representation. Overall, GEO ranks 5th on our list of billionaire Michael Platt's stock picks with huge upside potential. While we acknowledge the potential for GEO as an investment, our conviction lies in the belief that some 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 GEO but 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.
Yahoo
30-04-2025
- Business
- Yahoo
ON Semiconductor Corporation (ON): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where ON Semiconductor Corporation (NASDAQ:ON) stands against other billionaire Michael Platt's stock picks with huge upside potential. Michael Platt is the co-founder and CEO of BlueCrest Capital Management, which was founded in 2000 following his almost decade-long employment at JPMorgan. BlueCrest reached its height in 2013, when it became one of the world's largest hedge funds, managing more than $35 billion in assets. In 2015, in response to equity challenges and disappointing results that caused investor withdrawals, Platt converted the company into a family office. This strategy adjustment proved to be a game-changing decision for BlueCrest Capital Management. Since becoming a family office, the fund has generated impressive net returns, including 50% in 2016 and 54% in 2017. It has continued to succeed, delivering returns of at least 25% annually, including outstanding net returns of 95% in 2020 and 153% in 2022. Platt's aversion to the spotlight is almost as famous as is his financial competence. His last significant public appearance was more than a decade ago, to promote an art display featuring a life-size wax gorilla nailed to a wooden cross. Since then, he has shunned the media. Despite his preference for privacy, Platt has been involved in a number of regulatory disputes. BlueCrest has received hefty penalties from both the US Securities and Exchange Commission and the UK Financial Conduct Authority for conflicts of interest and other regulatory violations. However, these setbacks have had no impact on his financial or reputational status, owing to the fact that BlueCrest does not have any external clients. According to Forbes, Michael Platt is Britain's richest hedge fund manager, valued at over $18.8 billion as of December 2024, and is among just a handful who have managed to profit in 2025 despite the global stock market sell-off caused by President Trump's policies. According to Bloomberg, BlueCrest is already up 20% for the year, considering fees and costs. Platt allegedly employed aggressive leverage to take advantage of the increased volatility caused by President Trump's trade war, with BlueCrest currently on course to finish a decade of consecutive returns. For this article, we examined BlueCrest Capital Management's Q4 2024 13F filings to list down billionaire Cliff Asness' stock picks with the highest upside potential. We ranked the companies in ascending order of their upside potential. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Michael Platt of BlueCrest Capital Semiconductor Corporation (NASDAQ:ON) is an American semiconductor manufacturing company that produces various components, primarily for the electric vehicle and industrial end markets. Some of the company's products include advanced MOSFETs, image sensors, and Silicon Carbide technology (EliteSiC). On April 17, Stifel analysts revised their outlook for ON Semiconductor Corporation (NASDAQ:ON), lowering the 12-month price target from $52 to $42, while maintaining a Hold rating on the company. The change reflects worries about the overall macroeconomic climate, as well as specific issues in the automotive sector, which is an essential market for the company. In addition to the automotive sector's impact, ON Semiconductor's gross margins are under pressure. While the company maintained a decent gross margin, analysts observed that its fabrication facilities are currently underused, which is negatively impacting margins in the short term. In addition, ON Semiconductor Corporation (NASDAQ:ON) dropped its plan to acquire Allegro MicroSystems, instead focusing on increasing shareholder value through its existing share repurchase program. This move comes after ON Semiconductor Corporation (NASDAQ:ON) assessed that there was no viable road ahead with Allegro's Board of Directors. The company intends to focus on its core growth objectives, notably in the automotive, industrial, and AI data center sectors. Overall, ON ranks 4th on our list of billionaire Michael Platt's stock picks with huge upside potential. While we acknowledge the potential for ON as an investment, our conviction lies in the belief that some 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 ON but 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.
