What In The World Is Going On With Cineverse (CNVS) Stock?

Cineverse Corp CNVS shares are trading higher by 70.3% to $2.64 during Wednesday’s session after the company announced cineSearch, an AI-powered movie search platform for discovering films and TV shows.

Scheduled for a public beta launch in Spring 2024, cineSearch will utilize Google Cloud’s Vertex AI Search and PaLM 2 Large Language Model to provide personalized recommendations. The service introduces “Ava,” an AI video advisor, and offers a unified search engine across multiple dimensions.

CineSearch aims to address the pressing issue of search and discovery in streaming services, showcasing the potential of AI to enhance entertainment consumption.

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How To Buy CNVS Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Cineverse’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, CNVS has a 52-week high of $12.00 and a 52-week low of $0.97.