Veritone (NASDAQ: VERI) Stock Soars 50% on Hyperscaler AI Deals – Key Q3 Highlights & Outlook
Veritone shares jumped over 50% in after-hours trading Oct. 14, reaching $8.36 after announcing major AI contracts with leading cloud hyperscalers. Preliminary Q3 revenue rose about 30% to $28.5–28.7 million, while the projected non-GAAP net loss narrowed to $5.5–6.0 million. The stock is near a new 52-week high and analysts maintain a “Strong Buy” rating. Final Q3 results are due Nov. 6.