This company is not only riding the wave of the market but also hitching on the AI wagon where any mention of AI will get investments. The biggest booster is news of Oracle's success and projection of cloud revenue increasing. Investors think that this late entry will get some of that action and so pouring good money into it.
However, reality is that this is all smoke and mirrors. The product has too many moving parts that will go the ways of many failed attempts. ELT has gotten rid of the core group of people that could have helped but it is now at the point of no return. The ELT already started protecting revenue for this quarter with latest round of layoffs and this will be the continuing trend while they are riding all the waves. Reality cannot be changed. This place has severe organizational, technical, and ethical issues and rotten to the core. It will take a bit longer to not be a viable business but it will get there. Enjoy the ride.