Spotify soars 13% after announcing AI music deal with UMG, guidance

Spotify, which is holding its first investor day in four years, is now under the direction of co-CEOs Gustav Söderström and Alex Norström.

# Spotify soars 13% after announcing AI music deal with UMG, guidance Spotify, which is holding its first investor day in four years, is now under the direction of co-CEOs Gustav Söderström and Alex Norström. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/21/spotify-spot-stock-guidance-investor-day-ai.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*