Why Aurora Innovation Inc. (AUR) Went Up on Thursday

We recently published a list of 10 Firms Post Double-Digit Gains on Thursday. In this article, we are going to take a look at where Aurora Innovation Inc. (NASDAQ:AUR) stands against other firms that posted double-digit gains on Thursday.

Wall Street’s main indices finished in the green territory on Thursday, as investors cheered President Donald Trump’s reciprocal tariffs–but not right away.

The Dow Jones rose 0.77 percent, the S&P 500 increased 1.04 percent, while Nasdaq jumped 1.50 percent.

Ten companies mirrored a broader market optimism, clocking in double-digit gains. In this article, we will explore the reasons behind their impressive performance.

To come up with Thursday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.

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.

Overall, AUR ranks 1st on our list of firms that posted double-digit gains on Thursday. 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.

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Disclosure: None. This article is originally published at Insider Monkey.