Bilibili (BILI) Soars 7.66% on Launch of AI Tool

Bilibili Inc. (NASDAQ:BILI) is one of the 10 Stocks Crushing Market Expectations.

Bilibili rallied for a second day on Monday, adding 7.66 percent to close at $22.48 apiece following news that it was set to launch an Artificial Intelligence tool that would assist content creators in video podcast production.

To be called Codename H, the new tool is expected to assist in the transition of audio and text formats to video through generation of visuals based on user inputs.

Additionally, it will feature templates for podcasts and knowledge-sharing content.

At present, Bilibili Inc.’s (NASDAQ:BILI) AI tool is able to create a video for a 1,000-word script in six minutes, with plans to reduce this time to three minutes.

Bilibili Inc. (NASDAQ:BILI) said it was working to attract podcast creators this summer, highlighting the potential for growth in video podcasts.

Bilibili (BILI) Soars 7.66% on Launch of AI Tool

A group of millennials playing an online game on their mobile devices.

In the first quarter of the year, the company said it narrowed its net loss attributable to shareholders by 99 percent to 9.1 million yuan from 748 million yuan in the same period last year.

Revenues increased by 25 percent to 7 billion yuan from 5.66 billion yuan in the same period last year.

While we acknowledge the risk and potential of BILI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BILI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.