Backblaze (BLZE)

Last quarter: 12% revenue growth, 25% cloud storage division, but flat was the computer backup division. Cloud storage is now 57% of all revenues and growing. It's still losing money, but the net loss in Q1 was slightly less than expected and free cash flow was negative, but management expects it to be positive for the year. They're winning lots of new business. Their full-year forecast is strong, because they can raise prices. In Q1, earnings in AI saw 76% growth year over year. Fantastic. Caveats: They face serious competition from Microsoft, Google and others in cloud. Also, their costs are going up by 30%, like hard drives. Also, the market is selling anything AI to buy SpaceX and AI IPOs to come. Their valuation is neither cheap or expensive. Bottom line: it lacks the explosive growth of the AI names, though it's a solid company.