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Why Veritone Stock Is Surging Today

Why Veritone Stock Is Surging Today

Shares of Veritone (NASDAQ: VERI) jumped on Thursday after the provider of artificial intelligence (AI) solutions updated its guidance for the second quarter. Veritone boosted its revenue outlook while reducing its forecast for an adjusted net loss. Veritone now expects to generate revenue between $13.1 million and $13.3 million during the second quarter, up from a previous guidance range of $11.8 million to $12.2 million.