US Cloud Small Cap Increases Market Cap by $2.4 Billion in One Day

DigitalOcean Holdings (DOCN) surged 14.93% on the New York Stock Exchange on the 15th, closing at $89.31 per share (approximately KRW 132,000). Its market capitalization jumped by about $1.6 billion in a single day to roughly $9.1 billion (around KRW 13.5 trillion).

At the end of March, DigitalOcean announced a proposed public offering of up to $805 million in common stock to fund AI cloud infrastructure expansion and repay outstanding debt. Bolstered by growing investor optimism over its AI inference cloud offerings, the stock has reached a 52-week high this month.

DigitalOcean is a cloud infrastructure provider focused on small and medium-sized businesses and startups. By emphasizing a simple development environment and competitive pricing, it has carved out a niche distinct from AWS, Microsoft Azure and Google Cloud. Most recently, the company has accelerated its transition to a GPU-based AI inference platform, presenting investors with revenue targets of about $900 million in 2025 and over $1 billion in 2026.