1 Artificial Intelligence (AI) Stock Is Up 23% in Just 2 Months, and It Can Still Climb Higher
Shares of Zoom Video Communications (NASDAQ: ZM) have underperformed the broad market this year, down 5% while the S&P 500 has gained 22%. However, a closer look at the stock's recent trajectory indicates the company is building impressive momentum.
Zoom stock has surged around 23% since mid-August, and artificial intelligence (AI) seems to be playing a key role in its resurgence. Let's take a closer look at the AI-related prospects for Zoom and see why the growing adoption of this technology in the contact center market could become a game changer for the company.
Zoom Video Communications became a household name during the pandemic with adoption of its platform skyrocketing, but its growth has been anemic for over two years now. Revenue in the fiscal 2025 second quarter (ended July 31) increased just 2.4% year over year in constant currency terms to $1.16 billion. The company has guided for full-year revenue of $4.64 billion to $4.65 billion, which would be an increase of just 2.5% from the previous year.
Source Fool.com
