AI is expected to ignite the advertising business engine. Pinterest's Q2 guidance exceeding expectations has sent its stock price soaring.

Financial news app Caijing Zhitong learned that Pinterest (PINS.US) announced its first quarter financial report after the market closed on May 8th. The stock surged in after-hours trading due to its second quarter revenue outlook being higher than market expectations. The stock price soared by 17% at one point, and as of the time of writing, it had risen by 15.47% in after-hours trading. There are signs that the company's efforts to drive growth using artificial intelligence are starting to pay off, further alleviating concerns in the market about a slowdown in advertising business growth.