Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?

From Nasdaq: 2024-04-11 19:47:41

AI stocks continue to soar, with a projected market size of $825 billion by 2030. Veritone (VERI) is a standout AI stock, doubling in value this year. With a focus on cognitive AI solutions, Veritone’s generative AI platform is gaining traction, attracting mega-cap customers like Microsoft and Accenture. However, financials remain a concern with ongoing losses and declining revenues, leading analysts to rate VERI as a “Hold” with downside potential.



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