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News  ›  Investing.com

Snap Stock Soars on $400M Perplexity Deal, Marking Bold AI Integration Shift

Investing.com Logo Investing.com By Timothy Fries
Snap Stock Soars on $400M Perplexity Deal, Marking Bold AI Integration Shift

Snap Inc. announced a $400 million partnership with AI startup Perplexity, integrating an AI-powered answer engine into Snapchat's chat interface. The deal caused Snap's stock to surge 18% in premarket trading, signaling a strategic move to enhance AI capabilities and compete with larger tech rivals.

Insights
AAPL   neutral

Mentioned in market movers section with minimal price change, not substantively discussed in the article


SNAP   positive

Stock surged 18% in premarket trading, exceeded Q3 revenue expectations, and secured a strategic AI partnership that could enhance platform competitiveness