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Why Opera Limited Rallied Today

TheMotleyFool

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Why Opera Limited Rallied TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of internet browser company Opera Limited (NASDAQ: OPRA) rallied on Tuesday, rising 5.5% during the day's session.

Opera is a unique tech software company spending big on artificial intelligence (AI) that actually trades at a bargain valuation of just 8.6 times earnings.

While Opera reported relatively solid results last quarter, the stock ultimately fell on the back of hefty spending for its new AI data center cluster, which greatly increased the company's capital expenditures. However, the stock appears to be rising on the back of different artificial intelligence-related news today.

Source Fool.com

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