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Samsara (IOT) shares closed nearly 20% higher on March 6 after the cloud software company’s solid Q4 and impressive future guidance signaled artificial intelligence (AI) disruption fears are indeed overblown.
The San Francisco-headquartered firm saw its revenue come in at $444 million, up some 28% on a year-over-year basis, helping it record its second consecutive quarter of GAAP profitability.