Most markets are higher this morning as risk-on sentiment dominates: Palantir Technologies Inc., C3.ai, Inc., UiPath Inc. are showing impressive gains as we move into the afternoon trading session.
The leading indices are pointing up — Nasdaq up 0.63%, trading at 13,324. S&P 500 up to 4,298.52, gaining 0.38%.
At the same time, United States ISM Non-Manufacturing PMI (May) released today at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9.
Here are the biggest technology stocks gainers so far today.
+7.37%: after ending the last session at $14.52, Palantir Technologies soars to $15.59 (up 7.37%)
The data analytics specialist trades at $15.59 today, after closing Friday at $14.52 and gaining $1.07 (7.37%). Currently, the big data analytics company has a market capitalization of $33 billion with an average daily trading volume of 105.52 million shares. So far this year, it has performed better than the Nasdaq by 105.68%.
Palo Alto Networks | +5.46% in mid-session
After ending Friday at $217.24, Palo Alto Networks is currently trading at $229.09.
UiPath | +6.28% in mid-session
UiPath made its largest single-day jump of $19 (6.28%) since August 2022, and is now trading at $19.39. The stock has been trending positively for about a month. So far this year, it has been outperforming the Nasdaq by 26.86%. UiPath is currently trading with a market cap of $10.87 billion with an average daily volume of 12.87 million shares. UiPath last reported revenue of $289.59 million with an EPS of -23 cents.
+6.85%: C3.ai leaps up to $34.47 up 6.85%
The enterprise-scale AI application developer trades at $34.47 today, after closing Friday at $32.26 and gaining $2.21 (6.85%). The enterprise AI software provider's market cap currently stands at $3.93 billion with an average daily volume of 33.90 million shares.