Options Market Statistics: SNAP Options Pop as Loop Capital Boosts Its Price Target on AI, Advertising

Tesla's recall of more than 2 million of its electric vehicles — an effort to have drivers who use its Autopilot system pay closer attention to the road — relies on technology that research shows may not work as intended. Tesla reluctantly agreed to the recall last week after a two-year investigation by the U.S. National Highway Traffic Safety Administration found that Tesla's system to monitor drivers was defective and required a fix.

Loop Capital boosts its price target for Snap Inc. on the social media company's adoption of AI and digital advertising revenue:

Snap is getting a boost from Loop Capital after the firm upped its price target from $15 to $21, citing the social media stock as a top artificial intelligence play for investors. But the analysts behind the call also writing here, "We are more confident in the turnaround in Snap's advertising business and increasingly view the company as a generative AI winner." And that is certainly catching attention here on the day.

Now, for shares of Snap over the course of this year, especially as there's been a lot of fodder conversation just around where some of the ad dollars that have left X, formerly Twitter, would move to, for Snap, they've seen investors really try to get ahead of where those dollars ultimately might be able to come into Snap's realm or the brand of Ghostface Killah shares. They're up by about 58% year-to-date right now.