Why Sonic Foundry (SOFO) Stock Is Climbing Thursday
Portfolio Pulse from Erica Kollmann
Sonic Foundry (SOFO) shares are climbing after the company announced plans to develop an AI solution for the virtual and hybrid video events market. Its Vidable business will team up with its Video Solutions business to develop the AI solution.

June 15, 2023 | 3:05 pm
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Sonic Foundry's stock is climbing after announcing plans to develop an AI solution for the virtual and hybrid video events market, partnering its Vidable and Video Solutions businesses.
The announcement of Sonic Foundry's plans to develop an AI solution for the virtual and hybrid video events market is a positive development for the company. This new solution could potentially expand their market reach and increase demand for their products and services. As a result, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100