Why Airbnb Stock Keeps Going Up
AI is boosting the vacation platform's profits.
Overview
Shares of Airbnb (NASDAQ: ABNB) furthered their ascent on Thursday, as investors continue to price in the vacation rental company's strong second-quarter report and artificial intelligence (AI)-powered expansion initiatives.
Image source: Getty Images.
Airbnb's revenue jumped 17% year over year to $3.6 billion in the second quarter, boosted by higher travel demand for the FIFA World Cup.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.