Currently, Snap stock price sits at $12.83 with implied volatility stabilizing. This suggests traders anticipate more orderly moves ahead, possibly in anticipation of upcoming product launch announcements. Shares of social network Snapchat (NYSE: SNAP) fell 6.6% in the afternoon session after Mizuho initiated coverage on the company with a Neutral rating. Mizuho set a $9 price target and described the company as a "show-me story." The investment firm expressed caution, citing weak feedback from Snap's advertising channels. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link . Snap stock price traded flat at $12.79 despite broader Nasdaq weakness. Investors are weighing Q3 guidance, with most forecasts expecting ad revenue growth of 10%, potentially supporting valuations above $14 later this quarter.