Magnite, Inc. (NASDAQ:MGNI) is identified as one of the most oversold mid-cap stocks to buy according to hedge funds. The company recently announced a deal with the Digital News Publishers Association in India, giving members access to its audience activation platform, Magnite Access. This move aims to offer greater control over data and high-quality inventory to advertisers in India’s growing digital media market.

Magnite has been making significant strides in the industry, including partnerships with Acxiom for data targeting, a CTV “Pause Ads” launch, and a programmatic deal with Paramount+ in Australia. As one of the largest independent sell-side advertising platforms, Magnite helps publishers monetize content across various digital environments while providing advertisers with transparency and control.

While Magnite presents investment potential, some believe other AI stocks offer greater upside with less risk. For those seeking undervalued AI stocks with growth potential, exploring other options might be beneficial. Consider exploring the best short-term AI stock for potential opportunities.

Read more at Yahoo Finance: Magnite Expands Global Reach with DNPA Deal and CTV Innovations