C3.ai, Inc., Tuya Inc., Fastly, Inc. made yesterday's list of top gainers.
Leading equity indices in the US rose as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq closed the day at 11,700, having gained 1.97%.
More data out yesterday as United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2.
Check out the Top Gainers in technology stocks from yesterday's session…
+9.45%: bullish mood lifts Elastic to session high of $67
Pronounced bullish sentiment in the market helped the US-Dutch search company to make a notable 9.45% gain yesterday, rising $5.52 and ultimately closing at $63.93. Currently, the US-Dutch search company has a market capitalization of $6.11 billion with an average daily trading volume of 1.13 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 19.49%.
Elastic trades at $63.93 after the company released its quarterly results.
Tuya | Closed +10.9% at $1.73
After closing at $1.56 on Thursday, Tuya maintained a strong bullish bias that helped the stock close higher at $1.73 yesterday. However, market bears ensured the the AI and IoT platform topped out at $1.76 and that by the end of the session, the market had marked out a distinct $1.58 to $1.76 range.
+10.57%: Fastly opened at $13.56 yesterday before posting solid session gaining 10.57%
Pronounced bullish sentiment in the market helped the US cloud computing provider to make a notable 10.57% gain yesterday, rising $1.43 and ultimately closing at $14.96. The US cloud computing provider's market cap currently stands at $1.84 billion with an average daily trading volume of 7.45 million shares.
C3.ai | Closed +33.65% at $28.48
The enterprise AI software provider traded at $28.48 yesterday, after making its biggest single-day jump of $7.17 (33.65%) since June 2021. The enterprise AI software provider has fallen back around 25.18% over the past a day, from a notable high of $28.48. The enterprise-scale AI application developer's market cap currently stands at $3.14 billion with an average daily trading volume of 32.99 million shares.
C3.ai released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.57 per share on revenue of $66.67 million, topping estimates of -0.69 per share on revenue of $64.24 million. Since the release of its earnings report, C3.ai gained 37.39%.