Ten stocks stood firmer on Thursday, outperforming Wall Street’s major indices, as investors digested a flurry of catalysts, including more corporate earnings and higher growth outlooks, among others.
Meanwhile, the tech-heavy Nasdaq led the gains, growing 0.53 percent, followed by the S&P 500 followed with a 0.32-percent gain, and the Dow Jones, at 0.16 percent.
In this article, we focus on the companies that led Thursday’s charge and break down the reasons behind their gains.
To come up with the list, we considered the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Oklo Inc. (NYSE:OKLO)
Shares of Oklo Inc. (NYSE:OKLO) jumped by 6.41 percent on Thursday to close at $77.89 apiece, as investors continued to seek path from an analyst’s bullish rating and higher price target for its stock.
In its initial coverage of the stock, Bank of America gave a “buy” recommendation on Oklo Inc. (NYSE:OKLO) with a price target of $92, on expectations that the company will continue to benefit from the booming artificial intelligence sector. The figure marked an 18-percent upside from its latest closing price.
According to the investment firm, while Oklo Inc.’s (NYSE:OKLO) “build-own-operate” model is more capital-intensive than its peers, it remains advantageous given its capability to deliver fully wrapped and bankable power purchase agreements while retaining full independent power producer economics.
BofA said it expects Oklo Inc. (NYSE:OKLO) to achieve 13 percent of unlevered IRR for its first 75 MW projects, while next deployments could hit 26 percent IRRs through supply chain scale and cost efficiencies.
Looking ahead, BofA expects the nuclear firm to deliver 60 percent in EBITDA margins, far beyond the mid-teen levels typical across the sector.
9. Rigetti Computing, Inc. (NASDAQ:RGTI)
Rigetti Computing grew its share prices by 7.73 percent on Thursday, a third day, to close at $16.58 apiece as investors continued to price in the benefits of looming Fed rate cuts.
The quantum computing industry, which includes Rigetti Computing, Inc. (NASDAQ:RGTI), remains in pre-revenue stages and often relies on debt to finance growth and expansion plans. Following the central bank’s announcement, investors gobbled up positions in stocks expected to benefit from lower borrowing costs.
In other developments, Rigetti Computing, Inc. (NASDAQ:RGTI) recently sealed a partnership with the Montana State University to advance quantum computing research and innovation.
Under the agreement, Rigetti Computing, Inc. (NASDAQ:RGTI) and Montana State University will collaborate on various initiatives, including research projects related to quantum hardware and hybrid quantum systems, workforce development activities, and co-development and testing of enabling technologies and quantum system components.
8. XP Inc. (NASDAQ:XP)
Shares of XP Inc. (NASDAQ:XP) rallied for a 7th consecutive day on Thursday, adding 8.68 percent to close at $18.58 apiece as investor sentiment continued to be bolstered by a strong earnings performance in the second quarter of the year.
In an updated report, the Brazilian investment management firm said it grew its net income by 18 percent to R$1.3 billion from the R$1.12 billion registered in the same period last year. Net revenues rose by 6 percent to R$4.455 billion from R$4.219 billion year-on-year.
Earnings per share stood at R$2.46, topping consensus estimates of R$2.35 and growing faster than its net income, due to a robust share buyback program that resulted in a significant reduction in the number of shares in circulation.
During the period, total client assets also stood at R$1.4 trillion, higher by 14 percent than the R$1.204 trillion recorded in the same period last year, primarily driven by a R$96 billion net inflow and R$72 billion of market appreciation.
7. Quantum Computing Inc. (NASDAQ:QUBT)
Quantum Computing Inc. saw its share prices grow by 8.71 percent on Thursday to finish at $16.10 apiece, mirroring a wider market rally despite the lack of a clear catalyst to boost buying.
In recent news, Quantum Computing Inc. (NASDAQ:QUBT) bagged a new contract from the National Institute of Standards and Technology (NIST), an agency under the US Department of Commerce, for the design and fabrication of thin-film lithium niobate (TFLN) photonic integrated circuits (PICs).
In addition, it received a chip order from a Fortune 500 science and technology company that provides advanced solutions across defense, intelligence, civil, and commercial markets.
“QCi is proud to deliver advanced photonic solutions to market through our commercial foundry. Additionally, we’re pleased to add a leading Fortune 500 defense and technology contractor to our growing list of commercial customers, reinforcing the broad applicability of our TFLN platform across high-security, mission-critical environments,” said Quantum Computing Inc. (NASDAQ:QUBT) Milan Begliarbekov.
6. UP Fintech Holding Ltd. (NASDAQ:TIGR)
UP Fintech saw its share prices jump by 10.72 percent on Thursday to close at $12.81 apiece as investor sentiment was bolstered by a 1,500 percent surge in its income performance in the second quarter of the year.
In its updated report, UP Fintech Holding Ltd. (NASDAQ:TIGR) said net income attributable to shareholders increased to $41.4 million from $2.59 million in the same period last year. Total net revenues climbed by 64 percent to $121.38 million from $73.85 million in the same period last year.
In the same period, UP Fintech Holding Ltd. (NASDAQ:TIGR) registered an 11 percent increase in the number of customer accounts at 2.58 million versus 2.3 million in the same period last year, and experienced a strong customer engagement, thanks to its more diversified product offering and supportive market backdrop.
“Year-to-date, we have onboarded over 100,000 new customers with deposits, reinforcing our confidence in achieving our annual target of 150,000 new customers with deposits for 2025,” said UP Fintech Holding Ltd. (NASDAQ:TIGR) Chairman and CEO Wu Tianhua.
5. Wheels Up Experience Inc. (NYSE:UP)
Wheels Up saw its share prices jump by 13.4 percent on Thursday to finish at $3.3 apiece as investors repositioned portfolios ahead of its presentation at the Jefferies Industrial Conference next Thursday, September 4.
In a statement, Wheels Up Experience Inc. (NYSE:UP) said that its chief executive officer, George Mattson, will present in person at the event. Investors will closely watch out for cues about its plans and growth outlook following the divestment of three of its non-core businesses, which is expected to save the company some $5 million in costs.
Last week, Wheels Up Experience Inc. (NYSE:UP) announced that it raised $20 million in fresh funds from the sale of Baines Simmons, Kenyon International Emergency Services, and Redline Assured Security to TrustFlight, one of the leading aviation safety and compliance solutions providers.
“The divestiture of these non-core services businesses is the latest in a series of steps that Wheels Up has taken to sharpen our strategic focus; invest in our product, fleet, and operations; and strengthen our balance sheet,” Mattson said.
“The sale, along with our recently announced initiatives estimated to drive approximately $50 million of cost efficiencies, is expected to create meaningful tailwinds on our path to sustained, profitable growth,” he added.
In the second quarter of the year, Wheels Up Experience Inc. (NYSE:UP) narrowed its net loss by 15 percent to $82.3 million from $96.97 million in the same period last year. Revenues, on the other hand, dropped 3 percent to $189.6 million from $196 million year-on-year.
4. Trip.com Group Ltd. (NASDAQ:TCOM)
Trip.com Group rallied for a second day on Thursday, jumping 14.92 percent to close at $75.03 apiece as investors cheered the company’s strong earnings performance in the second quarter of the year.
In its updated report, Trip.com Group Ltd. (NASDAQ:TCOM) said attributable net income jumped by 26 percent to 4.8 billion yuan from 3.8 billion yuan registered in the same period last year. Total revenues grew by 16.18 percent to 14.86 billion yuan from 12.79 billion yuan year-on-year, on the back of a strong demand, particularly during the holiday periods.
“Travel is a key driver in national growth and global engagement. It serves not only as an engine for economic development but also as a catalyst for cultural exchange, global understanding, and social vitality,” said Trip.com Group Ltd. (NASDAQ:TCOM) Executive Chairman James Liang.
“Looking ahead, we remain confident in the industry’s long-term growth and will continue to prioritize strategic investments in innovation, partnership development, and inbound travel expansion to stimulate global economic advancement,” he said.
3. BILL Holdings, Inc. (NYSE:BILL)
BILL Holdings surged by 18.04 percent on Thursday to end at $49.14 apiece following the release of its earnings performance for the fourth quarter and fiscal year 2025 and a promising growth outlook for 2026.
Among other key metrics, BILL Holdings, Inc. (NYSE:BILL) said it was targeting to grow its revenues by 9 to 11 percent for fiscal year 2026 to $1.589 billion to $1.629 billion, as well as its net income to $236 million to $260 million.
For the first quarter alone, revenues were pegged at $385 million to $395 million, marking a year-on-year revenue growth of 7 to 10 percent. Net income was expected to hit $56.5 million to $60.5 million.
Also on Thursday, BILL Holdings, Inc. (NYSE:BILL) announced its earnings performance for the fourth quarter of the recent fiscal period, where it swung to a net loss of $7.07 million from a $7.6 million net income in the same period last year. Total revenues, however, were higher by 11.66 percent at $383 million versus $343.66 million year-on-year.
2. Snowflake Inc. (NYSE:SNOW)
Snowflake soared by 20.27 percent on Thursday to finish at $241 apiece as investors cheered its stellar revenue performance in the second quarter of fiscal year 2026.
In its financial statement, Snowflake Inc. (NYSE:SNOW) said revenues increased by 31.76 percent to $1.145 billion from $869 million in the same period last year, helping net loss attributable to shareholders narrow by 6 percent to $298 million from $317 million year-on-year.
In the six-month period, however, net loss widened by 14.6 percent to $727.88 million from $635 million year-on-year, while revenues rose by 28.87 percent to $2.19 billion from $1.7 billion in the same comparable period.
“Thousands of customers are betting their business on Snowflake, and more than 6,100 accounts are using Snowflake’s AI every week. Customers love that our platform is easy to use, connected to enable fluid access to data wherever it sits, and trusted by companies of all sizes and industries. We have an enormous opportunity ahead as we continue to empower every enterprise to achieve its full potential through data and AI,” said Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy.
1. Pure Storage, Inc. (NYSE:PSTG)
Pure Storage soared for a second day on Thursday, adding 32.34 percent to finish at $80.54 apiece following an impressive earnings performance and higher growth outlook for the rest of the full fiscal year 2026.
In a statement, Pure Storage, Inc. (NYSE:PSTG) said net income in the second quarter of the fiscal year jumped by 32 percent to $47 million from $35.67 million in the same period last year, as total revenues grew 12.69 percent to $861 million from $764 million year-on-year.
“Pure Storage exceeded both its revenue and operating profit guidance in the second quarter, reflecting strong customer adoption of our platform strategy,” Pure Storage, Inc. (NYSE:PSTG) CFO Tarek Robbiati said.
“Looking ahead, we remain committed to executing on our strategic priorities to drive profitable growth and maintaining the flexibility to navigate evolving market conditions,” he added.
For the full-year period, Pure Storage, Inc. (NYSE:PSTG) raised its full-year revenue growth outlook to $3.6 billion to $3.63 billion, from $3.515 billion previously. The new figure would mark a 13.5-percent to 14.5-percent growth year-on-year, as compared with the 11 percent targeted earlier.
For the third quarter alone, revenues were targeted at $950 million to $960 million, representing a growth rate of 14.3 percent to 15.5 percent.
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