Why Veritone Stock Was on Fire for the Second Consecutive Week
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The company seems to be doing a fine job getting its flagship AI platform into the right spaces in the cloud.According to data compiled by S&P Global Market Intelligence, shares of Veritone (VERI 3.14%) were zooming 8% higher week-to-date as of early Friday afternoon. This followed a similar bull run last week. This time, the artificial intelligence (AI) software analytics company benefited from a new deployment of its software platform within major cloud computing services. At home in the cloud Veritone announced that on Tuesday, saying that the platform -- aiWARE -- and the company's applications have been deployed on self-hosted private Amazon Web Services (AWS) and Microsoft Azure tenants (i.e., secure spaces for a client's cloud assets). Image source: Getty Images. aiWARE is Veritone's flagship offering. It approximates an operating system that can simultaneously manage a cluster of artificial intelligence (AI) models for various functionalities. In the press release announcing the news, Vertione highlighted the utility of its products to public-sector agencies. It quoted CEO Ryan Steelberg as saying that "We're proud to have created a deployment model that allows organizations like defense and law enforcement agencies to maintain complete control over their infrastructure and data without sacrificing the scalability, flexibility, or power of AI."Advertisement ExpandNASDAQ: VERIVeritoneToday's Change(-3.14%) $-0.19Current Price$5.86Key Data PointsMarket Cap$1BDay's Range$5.62 - $6.1352wk Range$1.22 - $9.42Volume2.2MAvg Vol7.3MGross Margin39.70%Dividend YieldN/A Watch the bottom line That deployment on self-hosted AWS and Azure spaces is certainly a milestone for Veritone, and it's sure to burnish the company's reputation as a useful AI services provider. I like the direction Veritone is heading, and it's certainly operating in a potentially high-growth environment. However, I'd be more encouraged if it could start to reduce its consistent net losses more meaningfully. About the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanRead NextDec 5, 2025 •By Eric VolkmanWhy AI Stock Veritone Was Soaring This WeekOct 23, 2025 •By Rick OrfordMassive News: Veritone Could Be Set for a Huge ComebackOct 16, 2025 •By Rick OrfordMassive News: Veritone Lands Hyperscaler Contract, Stock ExplodesOct 15, 2025 •By Rick OrfordVeritone Investors Need to Know This Before November 2025Oct 3, 2025 •By Rick OrfordMassive News: Veritone Stock Could Soar 423% by 2026Feb 26, 2022 •By Toby BordelonAcquisitions Are More About the People Than the Business