Elastic Shares Surge 8% After Hours On Jina AI Acquisition, New Inference Service Launch, $500 Million Buyback - Elastic (NYSE:ESTC)

Elastic NV (NYSE:ESTC) saw its stock surge by 8% during after-hours trading on Thursday, rising to $88.07 from its earlier close of $81.55.Check out the current price of ESTC stock here.The boost came after the company announced three major updates: it finalized the acquisition of Jina AI, rolled out a new GPU-powered inference service, and approved a $500 million stock buyback program.According to Benzinga Pro data, ESTC had declined 1.98% during regular trading hours.Jina AI Acquisition CompletedThe data ...