Stock Track | Tuya Inc. Soars 5.04% on Strong Q4 Earnings and AI Integration Strategy

Stock Track

Feb 28, 2025

Tuya Inc. (NYSE: TUYA) shares soared 5.04% intraday on Thursday, following the company's impressive fourth-quarter 2024 earnings release and strategic focus on AI integration.

According to the earnings report, Tuya achieved nearly 30% year-over-year revenue growth in 2024, with strong performance across its PaaS, SaaS, and Smart Solutions segments. The company also reported its first annual GAAP net profit and non-GAAP operating profitability, driven by robust demand and efficient operations.

Notably, Tuya announced a strategic partnership with Volcano Engine to enhance AI integration into its Internet of Things (IoT) platform. This move positions Tuya to capitalize on the growing demand for AI-enabled IoT devices and solutions, further strengthening its competitive edge in the market.

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Soars 5.04% on Strong Q4 Earnings and AI Integration Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-28 00:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tuya Inc. (NYSE: TUYA) shares soared 5.04% intraday on Thursday, following the company's impressive fourth-quarter 2024 earnings release and strategic focus on AI integration.</p>\n\n<p>According to the earnings report, Tuya achieved nearly 30% year-over-year revenue growth in 2024, with strong performance across its PaaS, SaaS, and Smart Solutions segments. The company also reported its first annual GAAP net profit and non-GAAP operating profitability, driven by robust demand and efficient operations.</p>\n\n<p>Notably, Tuya announced a strategic partnership with Volcano Engine to enhance AI integration into its Internet of Things (IoT) platform. This move positions Tuya to capitalize on the growing demand for AI-enabled IoT devices and solutions, further strengthening its competitive edge in the market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TUYA","symbol_name":"涂鸦智能","start_time":0,"source_url":"","article_id":"1132154019","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132154019","pubTimestamp":1740674198,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tuya Inc.  shares soared 5.04% intraday on Thursday, following the company's impressive fourth-quarter 2024 earnings release and strategic focus on AI integration.According to the earnings report, Tuya achieved nearly 30% year-over-year revenue growth in 2024, with strong performance across its PaaS, SaaS, and Smart Solutions segments. 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