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Spotify Has Massive AI News

Artificial intelligence will give Spotify an advertising boost.

By Travis Hoium – Jun 18, 2024 at 4:45AM EST

Spotify (SPOT +2.09%) is launching AI tools for its advertising business that could make it easier and more lucrative to create ads. This is an untapped part of the company's potential; Travis Hoium covers the potential impact in this video.

*Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$484.91
(+2.09%)+$9.91
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$287.45
(+5.10%)+$13.95
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$572.00
(+6.64%)+$35.62
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$286.86
(+5.02%)+$13.72

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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