THO - These 2 Stocks Are Moving Higher -- and Just 1 Is an AI Play
2023-06-06 09:33:22 ET
The stock market was quiet Tuesday morning, with stock index futures on most major benchmarks easing slightly lower before the opening bell. At this point, many investors are playing a waiting game to see whether the economy maintains its current strength even as inflationary pressures subside. That could lead to periods of calm conditions until big news shakes things up again.
Underneath the surface, though, some individual stocks are making big moves. Artificial intelligence (AI) remains a key focal point of investors' attention, and GitLab (NASDAQ: GTLB) joined the ranks of AI stocks garnering approval from shareholders. Yet you don't have to like AI in order to find winners on Wall Street, as Thor Industries (NYSE: THO) also managed to post solid gains. Here's the scoop on both stocks.
Shares of GitLab soared almost 30% in premarket trading Tuesday morning. The development, security, and operations (DevSecOps) software platform provider released fiscal first-quarter financial results for the period ended April 30 that highlighted how the company plans to attack the AI opportunity.
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These 2 Stocks Are Moving Higher -- and Just 1 Is an AI Play