Snap Eyes AI Partnership as Key Growth Catalyst

about 1 month ago

Carmen Reiniki

"Yeah so we're seeing a lot of movement after a bunch of earnings reports today. So the first one I'm looking at is Snap, ticker SNAP. Shares are up 25% right now after hours. The company reported earnings but also announced a $400 million partnership with Perplexity AI. Um so I think this is really what the stock is moving on, you know, getting a little bit of the AI enthusiasm. Um basically Snapchat is going to use Perplexity's AI search engine and it gives it a new business line and puts social messaging more in the mix around AI chat bots. So this will be really interesting to keep watching how this develops with Snap."

Snap is experiencing a strong aftermarket rally fueled by an announcement of a $400 million partnership with Perplexity AI, positioning the company to integrate advanced AI search into its social messaging platform, which could serve as a significant growth catalyst.

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