Why Stitch Fix Stock Popped Today

Shares of Stitch Fix (NASDAQ: SFIX) jumped today, even though there was no news out on the online styling service. Instead, the stock seemed to go higher because it's seen as a potential AI play due to the data science and algorithms it uses to select clothes for its customers. It was one of several AI stocks gaining today.

As of 12:18 p.m. ET, the stock was up 16.1%.

AI stocks have surged in recent days as investors speculate that technology like OpenAI's ChatGPT could be revolutionary for companies that are best suited to take advantage of it.

Continue reading


Source Fool.com