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Why AI Stock Evolv Jumped 32% on Friday

TheMotleyFool

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Why AI Stock Evolv Jumped 32% on FridayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Evolv Technologies Holdings (NASDAQ: EVLV) surged on Friday and gained 31.9% at their highest point in trading during the day through 1 p.m. ET, according to data provided by S&P Global Market Intelligence.

Evolv, which builds weapons-detection security systems powered by artificial intelligence (AI), reported big numbers for its second quarter after market close on Thursday and attracted multiple analyst upgrades soon after.

Here are some important numbers from Evolv's second-quarter earnings report:

Source Fool.com

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