Kyndryl Holdings, Inc. (KD)

Shares of IT infrastructure services provider Kyndryl (NYSE:KD) jumped 3.2% in the afternoon session after it continued a rally that began after the company announced an expanded partnership with Microsoft to help clients meet data residency and regulatory requirements.

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Kyndryl Holdings expanded its Sovereignty Solutioning partnership with Microsoft to deliver compliant, data-residency-focused cloud and AI workloads across Azure public cloud and Azure Local for hybrid environments.

Additionally, Kingsoft Cloud’s revenue reached 2.7 billion USD, exceeding the anticipated 2.08 billion USD by 29.81%. Despite these strong earnings and revenue results, the stock experienced a decline in premarket trading, continuing a downward trend from the previous close.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Kinder Morgan (NYSE:KMI) and the rest of the infrastructure stocks fared in Q1.