Veritone (NASDAQ: VERI) Stock Soars 50% on Hyperscaler AI Deals – Key Q3 Highlights & Outlook
Stock Rockets on Contract Wins and Q3 Update Veritone’s shares skyrocketed after the company revealed blockbuster news: it secured new partnerships to deploy its Veritone Data Refinery (VDR) across multiple hyperscalers (industry-speak for the largest cloud platforms) investing.com investing.com. The announcement, made after Tuesday’s market close, immediately lit a fire under the stock – after-hours trades sent VERI up about 53% to $8.36 benzinga.com, an overnight leap reflecting Wall Street’s excitement. By pre-market Wednesday, Veritone was hovering near $8 per share (≈+46% vs. prior close) as investors digested the deal’s significance stockanalysis.com. What sparked the euphoria? In short, Veritone is