5 Top Stock Gainers for Friday: Salesforce, AMD, Nvidia

Salesforce, AMD, Nvidia, Welbilt and Hexo are five top stock gainers for Friday.
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Stocks finished higher Friday despite concern about inflation rates.

Here are some of the market's biggest gainers for Friday:

1. Salesforce | Increase 5.4%

Salesforce  (CRM) - Get Report advanced after several analysts reiterated their optimism about the stock following the customer-relationship-management-software provider's first-quarter print. The company reported adjusted earnings of $1.21 a share on revenue of $5.96 billion.

2. Advanced Micro Devices | Increase 2.1%

Advanced Micro Devices  (AMD) - Get Report was higher after Benchmark initiated coverage of the chipmaker with a buy rating and $100 price target. Analyst Cody Acree said he expected "the firm’s leadership to continue to drive share gains for at least the next few years."

3. Nvidia | Increase 4.9%

Nvidia  (NVDA) - Get Report rose after the semiconductor maker reported fiscal-first-quarter earnings and revenue that topped analyst expectations. The company reported quarterly earnings of $3.66 a share on revenue of $5.66 billion. Analysts were expecting earnings of $3.29 a share on revenue of $5.4 billion.

4. Welbilt | Increase 24%

Welbilt  (WBT) - Get Report surged after Reuters reported that Italian foodservice equipment maker Ali Group made a $3.3 billion cash offer for the producer of kitchen and restaurant equipment. Last month, Welbilt agreed to be acquired by peer Middleby  (MIDD) - Get Report for $2.9 billion of stock. A source told Reuters that Ali Group is offering $23 for each Welbilt share.

5. Hexo | Increase 10%

Hexo  (HEXO) - Get Report jumped after the Canadian cannabis company said it would acquire Canada's largest privately owned licensed producer, Redecan, for C$925 million, or US$765 million, of cash and stock. Following the transaction, Hexo would be a Canadian volume leader in dried flower across premium, mainstream and value price points.