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Spotify (SPOT) gained 6.5% on October 30 while the Nasdaq Composite lost 2.9%. This confirms my thesis about a trend reversal. I particularly like that Spotify is using artificial intelligence not only for better music recommendations but also to create new revenue streams. According to the Financial Times, a AI remix offering is expected to launch as early as Q1 2027. For an additional $4 to $5 per month, premium customers could transform well-known songs into new music styles or create AI covers. Original artists are expected to agree and be...
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