10 Big Names With Surprising Gains

1. Scholar Rock Holding Corp. (NASDAQ:SRRK)

Scholar Rock saw its share prices jump by 14.26 percent on Wednesday to close at $34.4 apiece as investors appeared to have hunted for bargains to take advantage of its cheap valuation.

Month-to-date, shares of the company were already down by 7.15 percent, while year-to-date, prices have already declined by 20.4 percent.

In the second quarter of the year, Scholar Rock Holding Corp. (NASDAQ:SRRK) saw its net loss widen by 89.6 percent to $110 million from $58 million in the same period last year. Operating expenses increased by 89.8 percent to $112 million from $59.5 million year-on-year.

In the first six months, net loss increased by 60 percent to $184.7 million from $115.36 million, while operating expenses grew by 60 percent to $189 million from $117.9 million.

While we acknowledge the potential of SRRK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SRRK and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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