Why Shares of Innodata Were Moving Higher This Week
Investors seemed to change their mind about the impact of the Meta/Scale AI deal on Innodata. Shares of Innodata (NASDAQ: INOD), a fast-growing AI stock, were moving higher this week, seemingly on speculation that the company could benefit from Meta Platforms' deal with Scale AI, a competitor to Innodata. In a week when a number of AI stocks were moving higher, Innodata was also a winner, as the stock was up 18.2% for the week, according to S&P Global Market Intelligence.