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Snap: AI Push

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Update - Apr. 28

Snap will figure it out. The dip is a massive opportunity with the stock trading back towards the October lows and Meta up nearly 200%.

-Snap (NYSE:SNAP) has tumbled 18%, its worst decline since October, after a first-quarter earnings report that showed not everyone in the digital advertising world was recovering to start 2023.

-Stock in Alphabet and Meta Platforms has rallied as investors processed signs of improvement in those ad businesses. The "haves" have done well this week; the have-nots ... have not.

-Snap (SNAP) reported its first-ever decline in quarterly revenues, and while analysts at least saw that part coming, the fall was worse than anticipated: Sales slid 7% vs. an expected drop of 5%.

Finviz Chart


Original article published on Apr. 24

  • Snap Inc. has made an aggressive move into AI chat, launching MY AI chat for all users.
  • The social messaging company announced over 3 million subscribers to Snapchat+, offering signs of a building recurring revenue stream.
  • Snap stock is cheap at only 3x '23 sales targets when the business should turn back to solid growth soon.
Ironically, a lot of stocks have rallied on a push into AI chat, yet Snap Inc. (NYSE:SNAP) actually fell following the successful rollout of such a product. The social messaging company continues to incorporate the latest and

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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