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Indebta > Markets > Gitlab soars more than 20% as it spotlights AI efforts, while Mobileye stock falls
Markets

Gitlab soars more than 20% as it spotlights AI efforts, while Mobileye stock falls

News Room
Last updated: 2023/06/06 at 6:55 AM
By News Room
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1 Min Read
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Here are some of the bigger movers ahead of Tuesday’s stock market open.

Stock gainers:

GitLab Inc.
GTLB,
+4.95%
shares surged 26% in premarket trading, following an earnings report that beat expectations and played up the software company’s efforts in artificial intelligence.

Sprinklr Inc.
CXM,
+2.41%
rose 8% in premarket trading after the enterprise-cloud-software-products provider guided for higher-than-expected profit and revenue in its fiscal year. The company’s results beat analysts forecasts in the latest quarter.

Stock decliners:

Shares of self-driving technology developer Mobileye Global Inc.
MBLY,
-2.73%
 are down more than 5% after the company said it was launching a secondary offering of 35 million of its shares, which are being sold by an Intel Corp. 
INTC,
-4.63%
 subsidiary.

— Barbara Kollmeyer contributed to this report

Read the full article here

News Room June 6, 2023 June 6, 2023
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