Columbia Threadneedle Investments released its third-quarter 2025 investor letter for the Columbia Global Technology Growth Fund. The fund saw a 12.06% return in the quarter, compared to the S&P Global 1200 Information Technology Index’s 12.82% return. Positive stock selection drove the fund’s performance, with a focus on artificial intelligence and strong earnings growth.

The Trade Desk, Inc. (NASDAQ:TTD) was highlighted in the investor letter as a stock of interest. The technology company offers a self-service cloud-based ad-buying platform and saw a one-month return of -5.38%. The Trade Desk, Inc. (NASDAQ:TTD) stock closed at $50.28 per share on October 31, 2025, with a market capitalization of $24.584 billion.

Columbia Global Technology Growth Fund addressed challenges faced by The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter of 2025. Issues included cautious guidance, concerns about tariffs affecting spending, competition from Amazon, and the departure of the CFO. The company’s Kokai AI platform powers 75% of client spending, with connected TV as the fastest-growing channel.

The Trade Desk, Inc. (NASDAQ:TTD) is not among the 30 most popular stocks among hedge funds, with 60 hedge fund portfolios holding the stock at the end of the second quarter. While acknowledging The Trade Desk, Inc. (NASDAQ:TTD) as a potential investment, some AI stocks offer greater upside potential with less downside risk. Investors seeking an undervalued AI stock can explore other options.

Read more at Yahoo Finance: The Trade Desk (TTD) Slipped on Cautious Guidance