Why Did CuriosityStream Stock Rocket Higher Today?
Licensing revenue from AI models is driving higher sales and margins.
Overview
CuriosityStream (NASDAQ: CURI) stock rocketed over 50% after releasing its second-quarter earnings last night. There were good reasons for the massive move, too. Shares of the company aren't soaring because of its on-demand streaming service. Rather, it is due to the company's move to monetize its content to builders of artificial intelligence (AI) large language models.
The stock settled some, but let's look at why shares were still up 37.5% as of 11:51 a.m. ET.
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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.