AI Stocks Dominate Friday’s Top 10 Performers

2. 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.