Monitoring The Trade Desk (TTD) Amidst New AI Platform Challenges

about 1 month ago

SPEAKER_02

"Listen, I want to go ahead and preface this radar moment with, this is a stock that I'm watching, not necessarily one that I'm ready to buy today. But the company is The Trade Desk, ticker symbol TTD. This is the worst performer in the S&P 500 year to date. And it's down about 62%. Usually, I would say, don't bottom fish in the market. But this has been such an incredible company over the past decade that I believe it's worth an exception to the rule here. ... And here's kind of the rub here is it just released its new platform. It's AI powered. It's called Kokai. ... But these reports also say that the trade desk management is listening and making those changes to Kokai to make it more user-friendly."

The speaker discusses The Trade Desk (TTD), noting its significant year-to-date decline of about 62% despite a strong historical performance. The new AI-powered platform 'Kokai' has caused lower near-term growth guidance due to usability issues. However, management is actively iterating and addressing customer concerns. The commentary suggests that the stock could rebound once adjustments are made.

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