<ul><li>DigitalOcean Holdings Inc. posted first quarter results that beat estimates but its shares dropped by more than 13%.</li><li>The company's guidance for the next quarter fell short of analyst expectations, leading to the selloff.</li><li>DigitalOcean's revenue grew 14% year-over-year in the first quarter to $211 million, driven by increased demand from AI developers and large customers.</li><li>The company introduced new graphics card servers and other platform enhancements in the first quarter to support the growth of its AI business and cater to the needs of large customers.</li></ul>

DigitalOcean shares drop after strong first quarter

Discover more