Duolingo stock is surging on momentum from retail traders after the company reported progress regarding AI cost saving in its Q2 earnings report.

Duolingo stock was soaring after the company beat expectations for second-quarter earnings as revenue jumped nearly 42% from a year ago. Duolingo also raised its outlook for the third quarter and full-year.

Duolingo Inc. (DUOL) has gained Wall Street’s confidence as analysts raised their expectations following a beat-and-raise second-quarter (Q2) earnings report. Retail sentiment on the stock hit a year-high mark on Stocktwits on Thursday.

Two companies that provide key infrastructure for the artificial intelligence revolution reported lackluster financial results on Wednesday.

Super Micro Computer stock plunged early Wednesday after its latest quarterly results missed expectations. Continue reading this article with a Barron’s subscription

What Happened? Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 3.4% in the morning session after Barclays raised its price target on the stock. The investment bank lifted its price target to $45.