In the first quarter of 2023 (ended March 31), Opera's revenue increased 21% year over year to $87 million. That's key because the company generates revenue from advertising, which means the more time users spend in the Opera ecosystem, the more money it makes. These tools can substantially boost users' productivity, and it reduces their need to visit third-party search engines, which means they spend more time on Opera. But Opera also has a partnership with OpenAI, which means Aria is joined by the world's most advanced and widely used chatbot, ChatGPT. Opera has built its own generative AI chatbot called Aria, which can create social media posts and hold discussions with the user to answer even the most complicated queries. But its AI tools take it to a whole new level for its 319 million monthly active users. Those features are typically only available on mainstream browsers like Alphabet's Google Chrome through third-party plugins, making Opera one of the most feature-rich products on the market. The Opera browser is equipped with a crypto wallet, VPN, messaging service, and an ad blocker. The Norway-based company has developed a web browser with built-in AI tools to transform the way users interact with the internet, and not only is the company delivering solid growth, but it's also profitable. Opera (NASDAQ: OPRA) stock has surged by a whopping 288% this year, making it one of the best performers in the entire market, let alone the AI niche. Read on to learn about two AI stocks that investors will want to own if the Nasdaq-100 continues to ascend. Since artificial intelligence (AI) has been the dominant theme in the technology sector this year, stocks in that space might continue following the lead of the broader market. Given that the Nasdaq-100 is only up 40% in 2023 so far, that suggests there's potentially more upside on the table. The average return in those rebound years was 52%. That bodes really well for 2023, but it gets even better.
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