Investing in Opera: Exploring the Growth, Valuation, and AI Opportunities
Investing in Opera: Exploring the Growth, Valuation, and AI Opportunities
Investors can buy Opera, a steadily growing AI stock, at an attractive valuation. The company has seen impressive growth in its annualized average revenue per user (ARPU), aided by its focus on AI features. Opera's investments in building an AI cluster powered by Nvidia's H100 chips highlight its commitment to AI technology.
Operating its AI cluster has enabled Opera to introduce new AI-powered capabilities to its flagship browser, Opera One. The company's move to integrate AI features has resulted in robust growth, especially in high-value customer acquisition across key regions. With a low valuation and strong growth projections, investing in Opera could yield significant returns for long-term investors.
Reasons to Invest in Opera:
- Steady Growth: Opera witnessed a 17% year-over-year revenue increase in Q1 2024, with an ARPU growth of 24% to $1.34.
- AI Focus: Investment in AI tools and building an AI cluster signal Opera's strategic direction for future growth.
- Valuation: Trading at just 3 times sales, Opera presents a compelling buy opportunity.
- Growth Potential: With projections of sustainable growth in the internet browser market, Opera stands to benefit from the $326 billion annual revenue opportunity by 2030.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.