Innodata Inc. Stock News

SoundHound AI's (SOUN 15.38%) stock soared more than 940% over the past 12 months. The developer of speech and audio recognition tools dazzled investors with its accelerating growth and support from Nvidia, which increased its stake in the company and integrated its services into its own Drive platform.

Nvidia's (NVDA 3.27%) stock has soared about 27,340% over the past 10 years. The explosive growth of its data center business, which sells high-end GPUs for processing complex artificial intelligence (AI) tasks, fueled a large portion of those gains and turned it into a linchpin and bellwether of the booming AI market.

Innodata reported exceptional Q3 results, with 136% y/y revenue growth and a significant raise in FY24 guidance, but the recent share price surge warrants a hold rating. The company's financial health is strong, with $26.3m in cash and no debt, but concentration risk with major tech clients is a concern. Big Tech's continued investment in AI bodes well for Innodata, but the recent 465% YTD pric...

Innodata Inc. (NASDAQ:INOD ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Amy Agress - SVP and General Counsel Jack Abuhoff - CEO and President Marissa Espineli - Interim Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Allen Klee - Maxim Group John Katsingris - Wedbush Securities Hamed Khorsand - BWS Financial Operator Good ...

Innodata, MicroStrategy, and Lumen could skyrocket in the near future.

NEW YORK, NY / ACCESSWIRE / November 7, 2024 / INNODATA INC. (Nasdaq:INOD) today reported results for the third quarter ended September 30, 2024.

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