C3.ai, Inc., Tuya Inc., Fastly, Inc. made Friday's list of top gainers.
Leading equity indices in the US rose as S&P 500 gained 1.61% and closed at 4,045.64. Nasdaq ended the session at 11,700 after a 1.97% gain.
Friday was an exciting day for markets with several technology stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
+9.45%: Elastic ended Friday at $63.93, a 9.45% increase
Bullish sentiment helped the US-Dutch search company to hammer out a noteworthy $61.47 to $67 range Friday, and finally closing at $63.93 to end the session. Elastic has a market cap of $6.11 billion with an average daily volume of 1.13 million shares.
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 Friday. 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 closes at $14.96 after gaining 10.57%
The US cloud computing provider went up to $14.96, gaining 10.57%. The company has a market cap of $1.84 billion with an average daily trading volume of 7.45 million shares.
C3.ai | Closed +33.65% at $28.48
3 days ago the enterprise-scale AI application developer reached a significant high of $28.48 but has consequently lost 25.18% since then. Currently, the enterprise AI software provider has a market capitalization of $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%.