Snap Rally Sparks Optimism Amid New AI Deal

about 1 month ago

Nathan Hager

"Uh I want to give you some good news though because there is good news in this market. It's coming from an unlikely source though and that is Snap Inc. the parent company of Snapchat. It is I know I haven't talked about it in a while but it's it's one, well that's but I'm pushing 50. So there you go. Well that's his problem is trying to get to get get the demographic. Maybe his new deal with Perplexity AI will help change that. They're talking about a $400 million deal to try to get AI involved in their search platform. Shares are rallying on it. The street loves it. Higher by 20% this morning. SNAP shares trading just shy of $9 a share. So, there is some good news in pockets of this market."

The segment on Snap (SNAP) outlines a bullish scenario where a new $400 million AI partnership is already fueling a 20% rally, suggesting strong market optimism and potential upside despite past challenges in reaching key demographics.

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