Meet the Newest Growth Stock Joining the S&P 500. It's Up 80% in 3 Months, and It's Still a Buy Right Now, According to Wall Street. | The Motley Fool
Briefly

The S&P 500 tracks 500 prominent U.S. companies, requiring profitability and liquidity for inclusion. The Trade Desk replaced Ansys in the index following its acquisition by Synopsys. Although The Trade Desk experienced a recent 80% price increase, Wall Street anticipates further growth. The company faced challenges transitioning customers to its new AI platform, Kokai, which caused a revenue miss for the first time since its IPO. Management is making personnel changes to expedite the transition to Kokai, aimed at improving digital advertising effectiveness.
The Trade Desk's inclusion in the S&P 500 follows Synopsys' acquisition of Ansys, with The Trade Desk replacing it after climbing significantly since April.
The new Kokai AI platform facilitates better ad targeting and measurement, though the transition faced delays, leading to a revenue miss for The Trade Desk.
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