10 Firms Post Double-Digit Gains on Thursday

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1. Aurora Innovation Inc. (NASDAQ:AUR)

Investors gobbled up shares in Aurora Innovation on Thursday, sending the company’s stock price soaring by 46.05 percent to finish at $9.42 apiece, over excitement about its looming launch of driverless trucks.

This year, the company said it would officially deploy its first driverless trucks on public roads, “ushering in a future of safer, more efficient freight transportation and immense value creation.”

“We are on the cusp of our planned Commercial Launch, a pivotal step toward realizing our mission to deliver the benefits of self-driving technology safely, quickly, and broadly,” said Aurora CEO and co-founder Chris Urmson.

In a presentation posted on its website, Aurora said it narrowed its net loss last year by 6 percent to $748 million from the $796 million registered in 2023, as loss from operations decreased by 5.9 percent to $786 million from $835 million.

While we acknowledge the potential of AUR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AUR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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