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Should You Buy Peloton Stock After Its Shift Into Artificial Intelligence (AI)?
The Motley Fool· 2025-10-08 16:48
The connected exercise equipment company is desperately trying to reignite its sales growth, and it's turning to artificial intelligence to do it.Peloton Interactive (PTON -12.23%) went public at $29 per share in 2019, and by December 2020, it had soared by 462% to a record high of around $163. Pandemic-necessitated lockdowns and social-distancing efforts led to explosive demand for the company's connected exercise equipment, which sent its revenue soaring.However, the boom was short-lived. Sales cratered a ...