Innodata (INOD), an emerging artificial intelligence (AI) infrastructure company, is quickly grabbing the market’s attention. The stock has climbed 43% year-to-date (YTD), outperforming even the trillion-dollar tech giants like Apple (AAPL) and Tesla (TSLA). Innodata is an AI data infrastructure company that helps leading tech companies build, train, and deploy AI models. The company doesn’t make critical AI infrastructure such as servers, GPUs, or networking hardware. Instead, it provides the training data, testing, and evaluation services that allow AI models to perform effectively.
Despite its rally this year, Wall Street believes INOD stock has over 93% upside over the next 12 months if it hits its high price estimate. I believe so too.