Lemonade, Inc. (LMND) saw a 29.54% surge in stock price, closing at $47.93 on Tuesday. The company raised its full-year revenue guidance to $710-$715 million and maintained an adjusted EBITDA loss of $135-$140 million. For Q3, LMND aims for $183-$186 million in revenue with an adjusted EBITDA loss of $34-$37 million. In Q2, net loss narrowed by 23% to $43.9 million, while revenues grew by 34% to $164.1 million. In the first half, net loss widened to $106.3 million, but revenues increased by 31% to $315.3 million. Investors see potential in LMND, but some believe other AI stocks offer greater returns.

Read more at Yahoo Finance: Lemonade (LMND) Soars 29% on Higher Growth Outlook