Shares of Opera Limited (OPRA 10.25%), an internet browser company, were soaring today on speculation that the company might be involved in Apple's Worldwide Developers Conference (WWDC) today. Some investors were discussing the idea on X, formerly known as Twitter, earlier in the day, though there was no indication by either company that a collaboration was forthcoming. Apple's event came and went without any mention of Opera. Opera is getting a lot AI attention Just last week, Opera announced an artificia ...

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Core Insights - Opera is set to enhance its flagship browser, Opera One, and gaming browser, Opera GX, by integrating new on-device AI capabilities, transitioning from experimental to mainstream use [1][2] - The company has already introduced support for over 2000 local LLM variants, making it the first major browser to offer such features [3] Group 1: On-Device AI Development - Opera became the first browser to support on-device AI in April 2024, allowing users to access local LLMs directly within the application [1][3] - The transition of on-device AI from the Opera Developer testbed to the flagship browser signifies a major step in the company's AI Feature Drops Program [2][4] Group 2: New Features and User Experience - The latest update includes an Image Understanding feature, enabling users to upload images and receive contextual information from the AI [5] - This enhancement aims to improve user interaction while maintaining privacy by minimizing data transfer to external servers [4] Group 3: Strategic Investments and Collaborations - Opera has invested in a powerful AI data cluster in Iceland, utilizing NVIDIA H100 cards, which is recognized as the 88th most powerful supercomputer globally and operates on green energy [6] - A collaboration with Google Cloud has been announced to integrate Gemini models into Opera's Aria browser AI, further enhancing its AI capabilities [6]

The company inked a high-profile deal with Alphabet to deploy its Gemini large language model on the Opera browser AI platform. Shares of internet browser company Opera Limited (OPRA 5.53%) rallied on Tuesday, rising 5.5% during the day's session. Opera is a unique tech software company spending big on artificial intelligence (AI) that actually trades at a bargain valuation of just 8.6 times earnings. While Opera reported relatively solid results last quarter, the stock ultimately fell on the back of hefty ...

The average comprises three short-term price targets ranging from a low of $22 to a high of $25, with a standard deviation of $1.73. While the lowest estimate indicates an increase of 58.1% from the current price level, the most optimistic estimate points to a 79.6% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is ...

Wachiwit Opera Stock Suffered A Bear Market Opera Limited (NASDAQ:OPRA) investors have endured a challenging two months since OPRA stock's buying momentum peaked and stalled in March 2024, close to the $17.5 level. Since my last bullish update on OPRA in March, OPRA fell nearly 30% through its recent May lows, underperforming the S&P 500 (SPX) (SPY). I underscored my conviction why Opera has been able to continue monetizing higher value users as it scales up in the Western markets and among gaming-focused u ...

Investors can buy this steadily growing AI stock at an attractive valuation right now. The proliferation of artificial intelligence (AI) technology has given many technology companies a boost over the past 18 months, and Opera (OPRA -0.67%) is one of them -- share prices of the company, which is known for its mobile and personal computer (PC) browsers, have shot up 146% during this period. However, there has been a sharp pullback in Opera stock more recently. The stock hit a 52-week high in mid- July last y ...

Core Viewpoint - Investors in Opera Limited (OPRA) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Jun 21, 2024 $2.50 Call option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future price movements, with high levels suggesting potential significant price changes or upcoming events that could lead to a rally or sell-off [2] - The current high implied volatility for Opera shares may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Sentiment - Opera holds a Zacks Rank 2 (Buy) in the Internet – Content industry, which is in the top 37% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one has lowered the estimate, resulting in a decrease in the Zacks Consensus Estimate from 18 cents to 17 cents per share [3]

Opera Limited Sponsored ADR (OPRA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -12.2%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Internet - Content industry, which Opera Limited falls in, has gained 2.2%. The key question now is: What could be the stock's future direction?While med ...

OSLO, Norway, May 8, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today the appearance of Frode Jacobsen, Chief Financial Officer, at upcoming investor conferences. Event Details: B. Riley Securities 24th Annual Institutional Investor Conference on May 22nd, 2024. The company will present at 12:15 PM PT. Please note there will be no webcast. TD Cowen's 52 Annual Technology, Media and Telecom Conference on May ...