Why Veritone Stock Was on Fire for the Second Consecutive Week

According to data compiled by S&P Global Market Intelligence, shares of Veritone (NASDAQ: VERI) were zooming 8% higher week-to-date as of early Friday afternoon. This followed a similar bull run last week. This time, the artificial intelligence (AI) software analytics company benefited from a new deployment of its software platform within major cloud computing services.

At home in the cloud

Veritone announced that on Tuesday, saying that the platform -- aiWARE -- and the company's applications have been deployed on self-hosted private Amazon Web Services (AWS) and Microsoft Azure tenants (i.e., secure spaces for a client's cloud assets).

aiWARE is Veritone's flagship offering. It approximates an operating system that can simultaneously manage a cluster of artificial intelligence (AI) models for various functionalities.

In the press release announcing the news, Vertione highlighted the utility of its products to public-sector agencies.

It quoted CEO Ryan Steelberg as saying that "We're proud to have created a deployment model that allows organizations like defense and law enforcement agencies to maintain complete control over their infrastructure and data without sacrificing the scalability, flexibility, or power of AI."

Watch the bottom line

That deployment on self-hosted AWS and Azure spaces is certainly a milestone for Veritone, and it's sure to burnish the company's reputation as a useful AI services provider. I like the direction Veritone is heading, and it's certainly operating in a potentially high-growth environment. However, I'd be more encouraged if it could start to reduce its consistent net losses more meaningfully.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.