Chinese social media giant Weibo exceeded Q2 expectations, attributing its success to artificial intelligence technology. American investors responded positively, driving Weibo’s ADSes up by nearly 11%. With net revenue just under $445 million, a 2% YoY increase, Weibo’s active user numbers also saw growth, contributing to a 13% rise in non-GAAP adjusted net income. Analysts underestimated Weibo’s performance, leading to a significant stock price increase. Weibo’s CEO expressed enthusiasm for the company’s AI-enhanced offerings, highlighting the growth of the AI-powered intelligent search user community. Investors are advised to consider other potential stock options, as Weibo did not make the list of the 10 best stocks recommended by The Motley Fool Stock Advisor analyst team. The team’s past recommendations have yielded significant returns compared to the S&P 500, making it worth exploring their latest top 10 list.

Read more at Yahoo Finance: Why Weibo Stock Popped by Over 11% Today