TechnipFMC plc (NYSE:FTI) saw its stock price rise by 11.76 percent on Thursday, closing at $37.54 per share. The company reported a 44.5 percent increase in net income to $269.5 million in the second quarter of the year compared to the same period last year. Revenues also grew by 9 percent to $2.5 billion year-on-year. CEO Doug Pferdehirt highlighted the company’s $2.6 billion of Subsea inbound in the quarter. While FTI shows promise, some believe AI stocks offer higher returns with limited downside risk. For more information, check out our report on the best short-term AI stock.

Read more at Yahoo Finance: TechnipFMC (FTI) Extends Winning Streak on Impressive Earnings, Growth Outlook