VERI - Veritone: Not An AI Stock To Bank On

2024-03-25 00:49:50 ET

Summary

• Veritone's stock has nearly tripled this year despite the company's lack of progress and declining financials.
• The company's revenue and software bookings have seen significant declines, raising concerns about its survivability.
• Veritone's limited cash reserves and unrealistic guidance for future profitability make it a risky investment.

The AI trend has lifted almost every stock that has a whiff of artificial intelligence capabilities in the market this year. But what generalist investors have to be wary of is that AI is a very broad category, and certainly not all companies are of comparable quality....

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