Anyone remember Shutterstock (NYSE: SSTK)? The marketplace for digital pictures, video, and music -- which became a public company via IPO in 2012 -- had a heyday in the early days of the pandemic. Shares of the company skyrocketed, only to come crashing back down as the economy normalized and a bear market ensued in 2022. 

But Shutterstock is at it again, this time trying to leverage the dawn of generative AI services like ChatGPT to its advantage. At Nvidia's (NASDAQ: NVDA) March 2023 technology conference, Shutterstock said it's using Nvidia cloud software (powered by their leading semiconductor systems) to create a new 3D rendering tool for creators. Could Shutterstock stock be a buy?

Shutterstock makes money by offering a repository of stock images, video, and music that can be used in digital media. The company also provides editing software for content creators. Shutterstock competes against Adobe (NASDAQ: ADBE) Stock and Getty Images Holdings (NYSE: GETY). 

Continue reading

Source Fool.com