10 Stocks End With Solid Performance

2. Tuya Inc. (NYSE:TUYA)

Tuya Inc. surged 17.15 percent on Friday to finish at $4.03 apiece as investors took heart from news that it partnered with Vietnam-based Viettel Telecom and T3 Technology to accelerate the development of the region’s smart home ecosystem by leveraging Tuya’s Cube Cloud solution.

According to TUYA, the collaboration will focus on enhancing and innovating hardware products, smart home solutions, and business models through resource sharing and complementary strengths to create a more seamless, intelligent, and efficient global smart home ecosystem.

By integrating T3’s solutions with the Tuya Cube Cloud solution, Viettel will be able to establish a customized AIoT platform with high system stability and full data independence at a cost-effective scale. The AIoT platform will enable Viettel to connect a wide range of smart home devices, including IP cameras, and build a comprehensive home management system, improving user convenience and engagement.