8 Unstoppable Artificial Intelligence (AI) Stocks to Invest In

4) Vimeo, Inc. (NASDAQ:VMEO)

Percentage Return Over 6 Months: ~77.9%

Average Upside Potential: ~33%

Number of Hedge Fund Holders: 25

Vimeo, Inc. (NASDAQ:VMEO) has incorporated AI into its offerings in a bid to enhance video creation, editing, and analytics capabilities, placing it well to witness growth along with the broader AI industry. With the increased adoption of AI, businesses and creators look for tools that simplify content creation and distribution. Vimeo, Inc. (NASDAQ:VMEO)’s AI-powered tools, such as automated editing, captioning, and generative video creation, place it well as a go-to platform for users who focus on efficiency and scalability.

Piper Sandler analyst Thomas Champion upgraded the company’s shares to “Overweight” from “Neutral,” raising the price objective to $10 from $7. As per the analyst, the management focused on resetting the cost structure over the last 2 years. The firm also added that, at the same time, the company’s enterprise business has demonstrated strong success and is now at a $100 Mn-plus annual run rate, which will help return the business to growth.

The rise of AI-powered applications in industries such as e-learning, remote work, and virtual events continues to fuel demand for video platforms. Therefore, Vimeo, Inc. (NASDAQ:VMEO), with the help of its AI-enabled live streaming and video hosting tools, could address this demand by offering seamless and scalable solutions.