10 Firms Lead Rally on Impressive Q1 Earnings, Optimistic Outlooks

The stock market ended strong anew on Thursday, with all major indices finishing in the green territory, as investor sentiment was bolstered by a flurry of corporate earnings supported by better-than-expected performance from the technology giants.

The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.52 percent. The S&P 500 clocked in a 0.63-percent gain, while the Dow Jones was up by 0.21 percent.

Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year.

In this article, we have identified the 10 top performers on Thursday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

Photo by Yan Krukau/Pexels

10. Bitdeer Technologies Inc. (NASDAQ:BTDR)

Bitdeer Technologies snapped a three-day losing streak on Thursday, adding 6.37 percent to close at $10.18 apiece following news that it would release the results of its first quarter earnings performance in the second week.

The company is scheduled to announce the results before market hours on Thursday, May 15, 2025.

Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027.

In recent news, Bitdeer Technologies Inc. (NASDAQ:BTDR) received a $200 million credit line offer from Matrixport, a company similarly owned by its chairman, Jihan Wu, to support the Bitcoin miner’s ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months.

As of April 21, BTDR was already able to draw as much as $43 million from the credit line.

9. Arista Networks Inc (NYSE:ANET)

Arista Networks extended its winning streak for an eighth consecutive day on Thursday, jumping 6.77 percent to finish at $87.84 apiece, as investor sentiment was fueled by analysts’ bullish outlook in the company.

On Wednesday, investment firm Morgan Stanley raised its price target for Arista Networks Inc (NYSE:ANET) by 37 percent to $100 from $73 previously while maintaining its “overweight” rating on the stock.

The steep jump indicated strong expectations on the company’s potential and continued confidence in its market performance.

Arista Networks Inc. (NYSE:ANET) is scheduled to release the results of its first quarter earnings performance after market close on Tuesday, May 6, 2025.

Arista Networks Inc. (NYSE:ANET) is an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus, and routing environments.