Why Artificial Intelligence (AI) Stock Elastic Was a Winner Today

If one pundit's take is accurate, the company should post meaningful growth numbers when it reports its fiscal first-quarter results later in the week. On Monday, Elastic (ESTC 1.71%) stock got a boost in advance of its looming quarterly earnings report. An analyst reiterated his bullish take on the artificial intelligence (AI)-powered business software specialist, and the market reacted in kind. Investors pushed the stock's price up by 1.7%, a figure that contrasted favorably with the 0.3% decline of the b ...