Spotify stock rose due to strong Q4 results and AI enhancements

From Yahoo Finance: 2025-04-16 11:29:00

Fred Alger Management released its first quarter 2025 investor letter, citing increased volatility in U.S. stocks due to changing trade, monetary, and fiscal policies. The fund’s Class A shares underperformed the Russell 3000 Growth Index. Check the fund’s top five holdings for its best picks in 2025.

Alger Spectra Fund highlighted Spotify Technology S.A. in its Q1 2025 investor letter. Spotify offers audio streaming subscription services, with shares gaining 94.97% over the last 52 weeks. On April 15, 2025, Spotify stock closed at $572.39 per share with a market cap of $117.172 billion.

Spotify Technology S.A. uses AI to enhance user experiences, offering personalized features like AI Playlist and AI DJ. Shares improved after strong Q4 results driven by user growth and margin improvement. The strategic use of AI positions Spotify for growth in the digital audio market.

Spotify Technology S.A. is the 25th most popular stock among hedge funds, with 101 holding it at the end of Q4. While Spotify shows potential as an investment, AI stocks may offer greater returns in a shorter timeframe. Consider AI stocks like NVIDIA for promising investments at a discount.

Read more: Spotify (SPOT) Rose Due to Favourable Trends