DigitalOcean Holdings, Inc. (NYSE: DOCN) has fundamentally transformed its operational and strategic paradigm over the last half-decade, evolving from a foundational Infrastructure-as-a-Service provider catering primarily to individual developers and small-to-medium businesses into a sophisticated AI-Native Agentic Inference Cloud platform.1 This profound transformation is not merely rhetorical marketing; it is deeply embedded in the company's capital allocation frameworks, product architecture, and financial trajectory observed between the fiscal year 2021 and the end of the first quarter of 2026. By focusing aggressively on inference and agentic workloads—the operational phase where artificial intelligence models execute autonomous tasks—rather than the highly commoditized, power-hungry, and capital-intensive bare-metal AI foundational training ...