These 2 Tech Stocks Are Vaulting Higher Friday
Stock market futures pushed modestly higher on Friday morning, positioning Wall Street for a favorable end to what's been a tumultuous but strongly positive week. Consumers seem bound and determined not to let anything stop them from returning to more normal conditions, and fears of the omicron COVID-19 variant are getting shunted to the sidelines. As of 8:15 a.m. ET, Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were up 35 points to 16,183.
Nervousness about technology stocks has driven a lot of the market's recent volatility. On Friday morning, though, there was a lot to celebrate in the tech space, as favorable news from Broadcom (NASDAQ: AVGO) and C3.ai (NYSE: AI) sent their respective shares sharply higher. Below, we'll look more closely at both reports and why they're making shareholders happy on Friday.
Shares of Broadcom were up more than 6% in premarket trading on Friday morning. The semiconductor and infrastructure software company reported fourth-quarter and full-year fiscal 2021 results that gave investors a lot of optimism about its long-term future.
Source Fool.com
