GoPro's AI Content Initiative Sparks Stock Rally Amid Challenging Market

GoPro Stock Cools Off After Options-Fueled 30% Rally, Company Launches AI Content Initiative - GoPro (NASDAQ:GPRO)

Shares of GoPro (GPRO) are pulling back on Tuesday, following a 30% surge on Monday that was driven by heavy trading and significant options activity. Here's what investors need to know. What To Know: Monday's rally was highlighted by a large block trade in the options market, specifically a sweep of 30,000 April $2 call options, according to data from Benzinga Pro. This aggressive bullish bet signaled strong speculative interest and helped propel the stock higher Monday on heavy trading volume. Such moves often attract momentum traders, further amplifying the price increase. Despite the stock's retreat today, GoPro provided a positive fundamental update. On Tuesday morning, the company announced that its subscribers have opted-in more than 125,000 hours of video content for a new AI Training Licensing Program. This initiative aims to create a new revenue stream by licensing GoPro's vast library of user-generated, real-world video content to companies for training AI models. GoPro will share 50% of the licensing revenue with the content creators. This strategic move comes after the company earlier in August reported a challenging second quarter, with revenues down 18% year-over-year. Price Action: According to data from Benzinga Pro, GPRO shares are flat Tuesday morning. The stock has a 52-week high of $2.37 and a 52-week low of $0.40. Read Also: Palantir Bears Get Cramer's Blunt Warning: 'Karp Knows All' How To Buy GPRO Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in GoPro's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock GPROGoPro Inc$1.61-2.12%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum78.49Growth12.54QualityN/AValue37.65Price TrendShortMediumLongOverview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Why GoPro Stock Skyrocketed This Week | The Motley Fool

GoPro, best known for its compact action cameras, reported strong results from its new artificial intelligence (AI). In just two weeks, subscribers uploaded more than 125,000 hours of footage. GoPro recently launched a new pilot program that allows members to opt in to sell their video footage to third parties that use it to train AI models. GoPro then gives each user half the revenue it generates from their footage. The trial, which began with a small U.S. group, was a major success -- 125,000 hours of footage was uploaded, representing a significant portion of the available footage. With 2.45 million subscribers and 13 million hours of stored content, GoPro has a deep library that could turn into a recurring revenue stream. The early success has fueled retail enthusiasm, with some investors drawing parallels to Opendoor's AI-driven hype. Like Opendoor, GoPro is seen by retail traders as sitting on untapped data assets that can help it transform its business. While the program adds a new angle, GoPro's core business, consumer action cameras, remains niche and is saturated by large competitors. The AI licensing effort may generate buzz, but it is unlikely to transform GoPro's long-term outlook. I'd remain cautious on the stock.

Why GoPro Stock Jumped 9.1% Today | The Motley Fool

GoPro, the maker of compact action cameras, announced that the launch of its new artificial intelligence (AI) pilot program was extremely successful in its first two weeks. GoPro announced today that its subscribers uploaded more than 125,000 hours of footage to its new AI data licensing effort in roughly two weeks. The trial began with a small, invitation-only group of U.S. members, with a broader rollout and potential international expansion planned. Participants can allow the content they have stored in GoPro's cloud to be used to train third-party AI models and receive 50% of any licensing revenue the company receives. With 2.45 million subscribers and 13 million hours of content stored, GoPro has a sizable library to monetize. The successful launch of the program will help cement the company's meme stock status. Like Opendoor stock, which has seen a wave of retail enthusiasm based on the idea that the company can use AI to leverage its substantial data, some investors see GoPro as sitting on a gold mine of video content, highly prized in training AI models. Though this program looks like it could be a success, I don't think it's enough for GoPro in the long run. The company's main product is one that can only find a niche market, and that market is oversaturated with similar products from larger companies. I would still stay away from GoPro stock.