Rent the Runway Shares Skyrocket Over 200% on AI Growth Plan

• Rent the Runway shares surge over 200% after announcing plans to use AI to power growth • Trading volume surges to over 34 million shares, far higher than usual • Companies talking up AI plans have sparked stock rallies over the past year • Rent the Runway forecasts 1-6% revenue growth this year after 0.6% rise in 2023 • CEO cites 10% rise in customer loyalty rate and new designer launches planned for 2024