Shares of The Trade Desk (NASDAQ: TTD) rocketed 41% over the past week, according to data provided by S&P Global Market Intelligence, as investors' optimism for the advertising technology company's growth potential reached a fevered pitch. Investors bid up The Trade Desk's stock price following its stellar second-quarter results released on Tuesday. The ad-buying platform saw its revenue jump 35% year over year to $377 million.
Every year, media companies like Walt Disney (NYSE: DIS) sell advertising space at up-front ad-sales events. And this year, even though it's roughly 100 years old, Disney set a new company record -- it locked in $9 billion in up-front commitments from advertisers.
Cadence Design Systems and The Trade Desk are part of Zacks Bull and Bear of the Day article.