Innodata (INOD) Surges 19.2%: Is This an Indication of Further Gains?
Innodata (INOD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
3 Contrarian Plays Poised to Soar as AI Mania Cools
It's no secret that artificial intelligence dominates both the tech ecosystem along with the broader investing arena. However, it might be risky to heavily bet on the usual suspects – you know what I'm talking about.
Innodata Awarded New Programs from “Magnificent Seven” Big Tech Customer Valued at Approximately $44 Million in Annualized Run Rate Revenue
NEW YORK, NY / ACCESSWIRE / June 3, 2024 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has been awarded two new large language model (LLM) development programs by one of its existing "Magnificent Seven" Big Tech customers. Innodata anticipates that the new programs, once ramped up, will together result in approximately $44 million of additional annualized run rate revenue.
Zacks Initiates Coverage of Innodata With Outperform Recommendation
Discover why Zacks, being the first on Wall Street to initiate coverage on the stock, rates Innodata as "Outperform." Explore how Innodata is set to soar in the booming generative AI market with a strong financial performance, strategic contracts and promising growth prospects.
