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Spotify (SPOT) gained 11.1% after the quarterly results, while the Nasdaq lost 2.6%. For me, this relative strength is a clear signal. I also expect a sustainable trend reversal even in a weak market environment. I am convinced by eight arguments: 1. The "Large Taste Model” improves recommendations and increases the discovery of new songs by double digits. 2. 306 million premium subscribers and 788 million monthly active users create enormous reach. 3. Through external AI agents like ChatGPT, Spotify remains the music provider and retains...
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