Why Opera Limited Rallied Today
Opera(OPRA) fool.com·2024-05-29 04:39
The company inked a high-profile deal with Alphabet to deploy its Gemini large language model on the Opera browser AI platform. Shares of internet browser company Opera Limited (OPRA 5.53%) rallied on Tuesday, rising 5.5% during the day's session. Opera is a unique tech software company spending big on artificial intelligence (AI) that actually trades at a bargain valuation of just 8.6 times earnings. While Opera reported relatively solid results last quarter, the stock ultimately fell on the back of hefty ...