Grab Holdings shares rise on AI infrastructure partnership and strong Q3 results
GRAB Grab Holdings Limited
$3.33 -0.60%
View chart & analysis → - 1Grab Holdings closed up 0.88% at $3.44.
- 2Grab Holdings announced a joint agreement with SoftBank Group to develop AI infrastructure in Malaysia.
- 3Grab Holdings recorded Q3 revenue of $1.1 billion, a 27% increase from the previous year.
So what's the key point?
Grab Holdings decided to build AI facilities together with SoftBank Group and its revenue also grew to $1.1 billion. The stock price rose as the AI partnership and revenue growth coincided.
Source The Motley Fool +2 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.