These 2 Nasdaq Stocks Kept the AI Rally Alive Friday
Stocks have had a turbulent week, but they're looking to head into the weekend on a positive note. After a big jump on Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) appeared likely to rise again Friday morning, with index futures rising nearly half a percent in premarket trading.
Indeed, a pair of Nasdaq-listed artificial intelligence (AI) stocks played an instrumental role in keeping the rally going. Both Marvell Technology (NASDAQ: MRVL) and Workday (NASDAQ: WDAY) posted solid gains after releasing their latest financial results, and both companies mentioned artificial intelligence as a key driver in their future prospects.
Shares of Marvell Technology were up 18% in premarket trading. That move followed an 8% rise in the stock on Thursday, and it came after the chipmaker's fiscal first-quarter report for the period ended April 29 included all the right things about the promise of AI for its business.
Source Fool.com
Workday, Inc. Stock
With 61 Buy predictions and 4 Sell predictions Workday, Inc. is one of the favorites of our community.
With a target price of 268 € there is a positive potential of 36.15% for Workday, Inc. compared to the current price of 196.84 €.
