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We recently published a list of AI Stocks Dominate Friday’s Top 10 Performers. In this article, we are going to take a look at where Rubrik Inc. (NYSE:RBRK) stands against other AI stocks that dominate Friday’s top performers.
The stock market bounced back on Friday, erasing the week’s losses following news that a feared government shutdown is unlikely to happen amid news that a funding plan is likely to be passed.
The tech-heavy Nasdaq recorded the highest gain, adding 2.61 percent, followed by the S&P 500 with a 2.13-percent gain, and the Dow Jones with 1.65 percent.
Ten companies, predominantly under the AI industry, mirrored the broader market optimism, registering strong double-digit gains during the session. In this article, we have named the day’s best performers and detailed the reasons behind their performance.
To come up with the list, we only considered those with $2 billion in market capitalization and $5 million in trading volume.
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Rubrik Inc. (NYSE:RBRK)
Shares of Rubrik Inc. surged by as high as 28.8 percent at intra-day trading before ending the day just up by 27.79 percent at $70.64 each as investors cheered its strong revenue performance during the last quarter and full year of 2024.
In its latest earnings release, RBRK said revenues for the fourth quarter increased by 47 percent to $258 million from $175 million year-on-year, while revenues for the full year surged by 41 percent to $886 million from $628 million.
Despite the strong revenue figures, the company remained at a higher net loss, by 17.8 percent in the quarter at $114.9 million versus $97.5 million year-on-year, and by 225 percent at $1.154 billion from $354 million in 2023.
Looking ahead, RBRK expects to book revenues between $259 million and $261 million in the first quarter of the year and revenues of $1.145 billion and $1.161 billion in the full-year period.
Overall, RBRK ranks 2nd on our list of AI stocks that dominate Friday’s top performers. While we acknowledge the potential of RBRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RBRK but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.