Gaotu Techedu Inc. (NYSE: GOTU) saw its shares surge 6.42% in Thursday's pre-market session, as investors anticipated positive fourth-quarter and fiscal year 2024 financial results from the Chinese online education company.
The stock rally comes ahead of Gaotu's scheduled earnings release on February 26, 2025, where the company is expected to report its performance for the quarter and year ended December 31, 2024. The optimism surrounding the company's financials has been fueled by the recent surge in demand for Chinese technology stocks, particularly those involved in artificial intelligence (AI) and innovative technologies.
With Gaotu's focus on technology-driven education and its adoption of big data analytics across its operations, investors are betting on the company's potential to benefit from China's advancements in AI and large language models. The overall positive sentiment towards Chinese tech stocks has spilled over to Gaotu Techedu, driving its shares higher in anticipation of strong quarterly results and positive guidance.
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