OPRA - Why Opera Limited Rallied Today
2024-05-28 16:39:08 ET
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.
For further details see:
Why Opera Limited Rallied Today