Analyst Arvind Ramnani from Truist highlights two AI-powered digital platform stocks, Duolingo and Lemonade, which are poised to benefit from the rapid adoption of generative AI technology, with potential significant growth driven by AI integration into their business models.
Lemonade, Inc. reported a narrower-than-expected operating loss in Q4 2023, driven by improved gross earned premiums and higher investment income. Revenues increased by 30.6% year over year, beating estimates, and the company's financial position remained strong with $1 billion in cash, cash equivalents, and investments. The company provided guidance for Q1 and 2024, projecting growth in in-force premiums, gross earned premiums, and revenues. Other insurers like Assurant, Prudential Financial, and MetLife also reported their Q4 2023 earnings and provided outlooks for the future.
While the "Magnificent Seven" AI stocks continue to dominate the market, there are other promising AI investment opportunities worth considering. SoundHound AI, known for its voice recognition services, has shown signs of a healthy and growing business despite its stock price not reflecting its potential. Lemonade, an AI-driven insurance technologist, has experienced explosive sales growth and offers an undervalued growth stock. NXP Semiconductors, a Dutch-American chip maker, may not be a classic AI stock but plays a crucial role in supporting AI systems and offers an affordable investment opportunity.
Starbucks is releasing three new frozen lemonade refreshers nationwide this summer, inspired by their popular Refreshers drink. The new menu items include Frozen Pineapple Passionfruit Lemonade, Frozen Strawberry Açaí Lemonade, and Frozen Mango Dragonfruit Lemonade. The drinks consist of classic Starbucks Refreshers blended with fruit, lemonade, and ice. The release comes amidst employee union-led walkouts due to alleged unfair labor practices, including alleged Pride decoration bans in some stores, which Starbucks denies.
Starbucks has added three new frozen drinks to its permanent menu, inspired by customer and partner creations. The Frozen Lemonade Refreshers line includes Frozen Pineapple Passionfruit Lemonade, Frozen Mango Dragonfruit Lemonade, and Frozen Strawberry Açai Lemonade. Each drink is blended with lemonade, ice, and real pieces of fruit with strawberry puree swirled in. The new drinks are now available in stores across the U.S. and Canada, just in time for summer.
A TikTok user named Amanda, known as @TheNativePowWow, posted a video expressing surprise that her Wendy’s lemonades, ordered with “no ice,” came just three-quarters of the way full. Some former food service workers said it is a practice at some establishments. Wendy’s has yet to respond to queries about this.
Lavender lemonade is a simple DIY elixir that can help with stress, anxiety, and headaches. Lemons contain Vitamin C, which boosts the immune system, while lavender reduces symptoms of anxiety and improves sleep quality. Making lavender lemonade is easy and the benefits are endless. Simply make a lavender syrup by boiling water, sugar, and lavender, and then combine it with lemon juice and water. Chill and serve over ice for a refreshing stress-free drink.