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PENN Entertainment (PENN) Soars 17% as Firm Gears Up for $180-B Casino Market

PENN Entertainment Inc. (NASDAQ:PENN) is one of the 10 Stocks Posting Outsized Gains.

PENN Entertainment snapped a four-day losing streak on Thursday, climbing 16.86 percent to close at $17.26 apiece, as investors took heart from its strong revenues in the first quarter and the looming launch of its online and sports betting platforms.

In an updated report, PENN Entertainment Inc. (NASDAQ:PENN) said that it is underway with its preparations for the launch of its iCasino and online sports betting in Alberta, Canada, on July 13, as the company aims to tap into the rapidly growing market.

For illustration purposes only. Photo by Pavel Danilyuk on Pexels

For this year alone, the industry is expected to reach $179.7 billion in revenues by 2034, at a compounded annual growth rate of 6.80 percent, a study by ResearchAndMarkets.com said.

The outlook came on the heels of technological advancements, coupled with a more favorable regulatory environment, leading to increased user trust and participation.

“In the United States, the legal environment for online gambling is progressively favorable, with more states legalizing the activity. High smartphone and internet usage make gambling more accessible, while technological advancements in secure payment gateways and immersive experiences build trust. Sports betting has been notably boosted by collaborations between gambling operators and major sports organizations,” the report said.

“Companies like PENN Entertainment are setting examples with apps like the Hollywood Casino, offering extensive gaming options,” it noted.

Meanwhile, PENN Entertainment Inc. (NASDAQ:PENN) announced on Thursday that its revenues surged by 6.37 percent in the first quarter of the year to $1.779 billion from $1.672 billion in the same period last year.

However, it swung to a net loss of $2.8 million from a $111.5 million net income year-on-year.

While we acknowledge the risk and potential of PENN 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 PENN and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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