Lemonade IPO Shows The Power Of AI (Artificial Intelligence)

After a hiatus because of the COVID-19 pandemic, the IPO market has come roaring back. Just look at yesterday's offering for Lemonade (NYSE:LMND). The shares spiked by 139% to $69.41--putting the market cap at over $3 billion. Part of the success has been the overall bullishness in the equities markets. But there is something else that is important: Lemonade is a next-generation AI company.