35 Non-Tech AI Opportunities Amid DeepSeek Selloff

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6. Pinterest, Inc. (NYSE:PINS

Number of Hedge Fund Holders: 66

Pinterest, Inc. (NYSE:PINS) operates as a visual search and discovery platform in the United States and internationally. This company presents a highly rewarding investment opportunity for several reasons. To begin with, the report for the third quarter of 2024 delivered strong results indicating the company’s operational efficiency and positive revenue growth. For instance, reported revenue was $898 million, showing an increase of 18%. In addition, it recorded 537 million global monthly active users, showing an increase of 11%. This growth in monthly active users indicates a strong user engagement, potentially driven by better content, product offerings, marketing efforts, or platform improvements. Moreover, the company integrated new generative AI features for advertisements. Tests with Walgreens show an increase of 55% in clickthrough rates and a 13% decrease in cost-per-click when using AI-generated backgrounds.

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