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International Business Times
International Business Times
Business

A Lesser-Known Stock Climbed More Than 100% In a Day After AI Surprise. Here's Why.

Doximity
The healthcare platform's stock more than doubled in overnight trading following its fiscal first quarter 2027 earnings report, climbing more than 130% in premarket trading before paring gains after the opening bell.

Shares of medical technology company Doximity surged Friday after executives revealed that the company's new artificial intelligence search product is already generating exceptional profitability, sparking renewed investor enthusiasm and triggering a sharp short squeeze.

The healthcare platform's stock more than doubled in overnight trading following its fiscal first quarter 2027 earnings report, climbing more than 130% in premarket trading before paring gains after the opening bell. Shares were still up about more 35% at 2:43 p.m. ET.

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