U.S. stocks were lower, with the Dow Jones index falling around 90 points on Friday.
Shares of Broadcom Inc. (NASDAQ:AVGO) rose sharply during Friday's session after the company posted better-than-expected earnings for its fourth quarter.
The company said it sees first-quarter revenue of approximately $14.6 billion, versus the $14.612 billion estimate. The company also issued adjusted EBITDA guidance of approximately 66 percent of projected revenue for the first quarter.
Broadcom shares jumped 18.5% to $214.17 on Friday.
Here are some other big stocks recording gains in today's session.
- SoundHound AI, Inc. (NASDAQ:SOUN) shares jumped 21% to $16.53.
- D-Wave Quantum Inc. (NASDAQ:QBTS) surged 17% to $4.5748.
- ASP Isotopes Inc. (NASDAQ:ASPI) rose 17% to $5.11 after the company responded to short seller "report."
- Rigetti Computing, Inc. (NASDAQ:RGTI) gained 16.3% to $6.94.
- RH (NYSE:RH) gained 15.6% to $440.20 after the company raised its guidance. Also, Baird maintained a Neutral rating on the stock and raised its price target from $300 to $400.
- Upstart Holdings, Inc. (NASDAQ:UPST) gained 14.6% to $88.33. Needham analyst Kyle Peterson upgraded Upstart from Hold to Buy and announced a $100 price target.
- Mesoblast Limited (NASDAQ:MESO) rose 13.3% to $11.75.
- AirJoule Technologies Corporation (NASDAQ:AIRJ) gained 13.2% to $10.00.
- IonQ, Inc. (NASDAQ:IONQ) gained 10.9% to $33.26.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 9.3% to $74.76.
- Marvell Technology Inc (NASDAQ:MRVL) gained 8.2% to $117.96.
- Ciena Corp (NYSE:CIEN) gained 7.1% to $90.57. Ciena, on Thursday, reported better-than-expected fourth-quarter sales results.
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