U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Friday.

Shares of Elastic N.V. (NYSE:ESTC) rose sharply during Friday's session.

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.

Elastic shares jumped 6.7% to $87.01 on Friday.

Here are some other big stocks recording gains in today’s session.

• NOVONIX Limited (NASDAQ:NVX) shares surged 27% to $2.7400.
• Applied Digital Corporation (NASDAQ:APLD) shares jumped 25.7% to $36.83 after the company reported better-than-expected first-quarter financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $21 to $41.
• ASP Isotopes Inc. (NASDAQ:ASPI) gained 21% to $10.70.
• Eightco Holdings Inc. (NASDAQ:ORBS) rose 20.4% to $10.16 after the company announced the launch of a new pilot program focused on advancing AI authentication for the enterprise.
• Gyre Therapeutics, Inc. (NASDAQ:GYRE) jumped 16.9% to $8.36 after Jefferies initiated coverage on the stock with a Buy rating and announced a $16 price target.
• SES AI Corporation (NYSE:SES) gained 16.9% to $3.4889.
• BigBear.ai Holdings, Inc. (NYSE:BBAI) surged 15.5% to $8.65.
• Bitfarms Ltd. (NASDAQ:BITF) gained 15% to $4.8160.
• Uranium Energy Corp. (NYSE:UEC) rose 12.1% to $15.19.
• Oklo Inc. (NYSE:OKLO) gained 11% to $153.17.
• TeraWulf Inc. (NASDAQ:WULF) gained 10.2% to $14.97.
• Sify Technologies Limited (NASDAQ:SIFY) jumped 10.1% to $17.15.
• Perpetua Resources Corp. (NASDAQ:PPTA) gained 8.8% to $26.03.
• QuantumScape Corporation (NYSE:QS) rose 8.7% to $16.32.

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