Why Innodata Stock Skyrocketed 103% in September
In a banner month for artificial intelligence (AI) stocks, one of the biggest winners in the stock market was small-cap, data-labeling company Innodata (NASDAQ: INOD).
According to S&P Global Market Intelligence, Innodata stock finished the month up 103%. Surprisingly, there was no major news out on the stock last month. Instead, Innodata seemed to benefit from a broader surge of interest in AI stocks, as a number of news items indicated that capital expenditures for AI data centers were soaring.
As you can see from the chart, the stock rose almost steadily over September, with very few losing days, which is rare for a stock that gains so much so fast.
Source Fool.com
Innodata Inc. Stock
€52.95
0.670%
Innodata Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 74 € there is a positive potential of 39.75% for Innodata Inc. compared to the current price of 52.95 €.
