What's Going On With Trump-related Phunware Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Phunware, Inc. (NASDAQ:PHUN) shares rose after announcing plans to invest in AI-powered platforms for advocacy and voter engagement, recalling its success with the Trump 2020 app. The company aims to launch a new AI-based platform by mid-2025 and expand its digital advertising capabilities. Despite a volatile trading session, PHUN shares increased by 10.4% on Wednesday.
October 16, 2024 | 2:20 pm
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Phunware shares increased after announcing AI platform plans and recalling its success with the Trump 2020 app. The company aims to launch a new AI-based platform by mid-2025 and expand its digital advertising capabilities.
Phunware's announcement of investing in AI-powered platforms and recalling its success with the Trump 2020 app has positively impacted its stock price. The company's plans to launch a new AI-based platform by mid-2025 and expand its digital advertising capabilities are seen as growth opportunities, leading to a 10.4% increase in share price.
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