Veritone’s shares surged 8% week-to-date, following a previous bull run. The AI software analytics company benefited from deploying its platform on major cloud computing services like Amazon Web Services and Microsoft Azure. aiWARE, Veritone’s flagship offering, manages a cluster of AI models for various functionalities.

The deployment on AWS and Azure is a milestone for Veritone, especially in serving public-sector agencies. CEO Ryan Steelberg emphasized the control organizations have over their infrastructure and data. While Veritone shows promise in a high-growth environment, reducing consistent net losses would be more encouraging for investors.

Consider investing in Veritone carefully, as it wasn’t among the Motley Fool’s 10 best stocks to buy right now. The top 10 stocks identified by the analyst team could yield significant returns, as seen with past recommendations like Netflix and Nvidia. Stock Advisor’s total average return outperforms the S&P 500 significantly.

Read more at Nasdaq: Why Veritone Stock Was on Fire for the Second Consecutive Week