Why Roblox Corp. (RBLX) Went Up On Friday?

We recently published a list of 10 Stocks Lead Friday’s Charge. In this article, we are going to take a look at where Roblox Corp. (NYSE:RBLX) stands against other stocks that lead Friday’s charge.

The stock market finished in the green territory on Friday, albeit muted trading persisted over the lack of catalysts to fuel investing appetite.

The tech-heavy Nasdaq led gains among Wall Street’s benchmark indices, finishing up by 0.52 percent. Meanwhile, both the Dow Jones and S&P 500 ended the week eking out 0.08-percent gains.

Ten companies mirrored the broader market optimism, finishing the week with modest gains. In this article, we have identified today’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

A person taking lessons through Roblox Education, expanding their knowledge and skills.

Roblox Corp. (NYSE:RBLX)

Shares of Roblox Corp. grew by 5.59 percent on Friday to end at $61.16 apiece as investors bought up shares in the company following its adoption of an AI model that would enable 3D creation.

In a statement, RBLX said it now offers what it calls the Cube 3D,  a foundational AI model that can be used to generate 3D objects and environments from simple text prompts.

“Cube will underpin many of the AI tools we will develop in the years to come, including highly complex scene-generation tools. It will ultimately be a multimodal model, trained on text, images, video, and other types of input—and will integrate with our existing AI creation tools,” RBLX said.

Overall, RBLX ranks 10th on our list of stocks that lead Friday’s charge. While we acknowledge the potential of RBLX 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 RBLX 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.