Here's a look at the top 5 best-performing AI stocks this past month. This list includes a range of catalysts driving stock prices higher including a stellar earnings performance and a lawsuit settlement. Let's dive in and explore the best AI stocks for April including our pick for the most promising of the bunch.
5. Snap Inc. (SNAP): +31%
Snap Inc., known for its popular video-messaging app Snapchat, saw its stock price climb from $11.48 to $15.05, a rise of 31%. This impressive increase was driven by the company's latest earnings report, which highlighted the effectiveness of their machine-learning-based digital ad strategy.
The first quarter saw revenue jump 21% to $1.19 billion from $989 million a year earlier, easily topping analysts' estimates of $1.12 billion. Additionally, Snapchat enjoyed a 10% year-over-year increase in daily active users, underscoring the platform's growing appeal and engagement.