1 Small-Cap AI Stock That Could Go Parabolic
Going parabolic is a rare feat on the stock market, but more than a few artificial intelligence (AI) stocks have already done so. Super Micro Computer, for example, is up 161%. Arm just jumped nearly 50% on its earnings report, and investors seem to be falling over themselves to get their hands on the next big AI winner.
Shares of small-cap adtech company Perion Network (NASDAQ: PERI) were moving in the opposite direction after its fourth-quarter earnings report on Feb. 7. The stock tumbled 20% as its revenue growth guidance was on the lighter side for 2024. Perion predicted revenue of $860 million to $880 million this year, representing an organic growth rate of 10%, which reflects a slowdown in video advertising that's taking place across the industry.
However, savvy investors may want to buy the dip on this adtech stock. The company's making a number of moves in AI that should pay off over the coming years.
Source Fool.com
