Why Trade Desk Stock Soared 40% This Week

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.