From Nasdaq: 2025-06-20 09:57:00

Shares of Innodata (NASDAQ: INOD) surged this week due to speculation that it could benefit from Meta Platforms’ deal with Scale AI, a rival data labeling company. Scale AI customers considering leaving due to the deal could open up opportunities for Innodata to gain market share.

Innodata’s trading volume has increased since being included in the Dan Ives AI Revolution ETF earlier this month. Despite a slight dip last week, the stock rebounded this week amid rumors that Alphabet, Scale AI’s biggest customer, might be looking for a new data labeling provider.

With 120% organic revenue growth in the first quarter, Innodata is a fast-growing AI stock with reasonable valuation. While smaller than Scale AI, any customers that leave it could provide a significant opportunity for Innodata to expand its market share in the AI industry.



Read more at Nasdaq: Why Shares of Innodata Were Moving Higher This Week