10 Firms Crushing the Market

1. Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global Inc. soared by 23.97 percent on Tuesday to end at $256.90 apiece as investors cheered its inclusion in the S&P 500 index.

By May 19, Coinbase Global, Inc. (NASDAQ:COIN) will replace Discover Financial Services, which ended its 12-year tenure in the index after its planned merger with fellow S&P 500 component, Capital One Financial.

In the first quarter of the year, Coinbase Global, Inc. (NASDAQ:COIN) said net income nosedived by 94 percent to $66 million from $1.176 billion reported in the same period last year.

Net revenues, however, were higher by 23.4 percent to $1.96 billion from $1.588 billion year-on-year.

“Looking ahead, we’re focused on expanding real-world crypto utility, strengthening and extending our trading platform, and scaling the infrastructure that will power the financial system of the future,” the company said.

Additionally, Coinbase Global, Inc. (NASDAQ:COIN) said it is set to acquire Deribit, an Exchange platform for cryptocurrencies, for $2.9 billion.

While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than COIN but that trades at less than 5 times its earnings, 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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