Is Innodata's 162% Rally Over the Past Month Hype or the Real Deal?

Innodata, a data engineering company that trains AI models, has surged 162% over the past month following strong Q1 results showing 54% year-over-year revenue growth and raised full-year guidance to 40%+ growth. The company is diversifying beyond big tech customers, with non-tech revenue growing 453% year-over-year, while securing a major new contract worth ~$51 million annually from a company that was a zero-revenue customer a year ago.