Ten companies boasted whopping double-digit gains on Thursday, outperforming a lackluster performance on Wall Street, thanks to a combination of impressive earnings releases and a higher growth outlook that sparked investor confidence. Notably, one of the companies more than tripled its share price during the day.
Meanwhile, the Dow Jones fell by 0.74 percent, the S&P 500 declined by 0.37 percent, and the Nasdaq dipped by 0.03 percent.
In this article, we highlight the names of the 10 top performers on Thursday to help you decide whether it is time to book profits or hold further.
To compile the list, we focused on stocks with more than $2 billion in capitalization and 5 million shares in trading volume.
Source: Pexels
10. Indivior PLC (NASDAQ:INDV)
Indivior PLC extended its winning streak to a third day on Thursday, jumping 16.09 percent to close at $20.20 after posting an impressive earnings performance and a higher growth outlook for the year.
Indivior PLC (NASDAQ:INDV) announced in its updated report that it swung to a net income of $18 million in the second quarter of the year from a $97 million net loss in the same period last year. Net revenues inched up by 1 percent to $302 million from $299 million year-on-year, thanks to a strong performance in its Sublocade drug, supported by stable prices from its Suboxone drugs.
For the first half, Indivior PLC (NASDAQ:INDV) recorded a $65 million net profit, reversing a $36 million net loss in the same period last year. Revenues, however, dipped by 2.6 percent to $568 million from $583 million year-on-year.
Following the promising results, the company raised its net revenue guidance for full year 2025, now at a range of $1.03 billion to $1.08 billion, versus the $955 million to $1.025 billion previously.
9. Carvana Co. (NYSE:CVNA)
Carvana soared to a new 52-week high on Thursday as investors cheered its strong earnings performance in the second quarter that largely benefited from President Donald Trump’s tariffs on automobiles during the period.
Carvana Co. (NYSE:CVNA), a retailer of used cars, soared to its highest price of $413.22 before early profit-taking pulled its share price lower to end the day just up by 16.96 percent at $390.17 apiece.
In its updated report, Carvana Co. (NYSE:CVNA) said net income in the second quarter climbed by 542 percent to $308 million from $48 million in the same period last year as US tariffs on new car imports shifted consumer demand to used vehicles.
Total revenues also increased by 42 percent to $4.84 billion from $3.41 billion, having sold 143,280 units, or a 41 percent increase from the same period last year.
While results for the second quarter were promising, Carvana Co. (NYSE:CVNA) posted a more conservative outlook for the rest of the year
For the periods between July and September, the company will continue to expect a sequential increase in retail units sold, with adjusted EBITDA of $2 to 2.2 billion for full-year 2025, versus $1.38 billion last year, “as long as the environment remains stable.”
8. Apellis Pharmaceuticals, Inc. (NASDAQ:APLS)
Apellis Pharmaceuticals surged by 17.58 percent on Thursday to close at $22.34 apiece as investors took path from an investment firm’s price target increase for its stock.
In a market note on Wednesday, Scotiabank increased its price target for Apellis Pharmaceuticals, Inc.’s (NASDAQ:APLS) stock to $22 from $20 previously, and maintained a “sector perform” rating.
The revision followed the pharmaceutical firm’s FDA approval of its Empaveli treatment for the treatment of two kidney diseases, which it said could drive uptake versus the Fabhalta drug from Novartis.
Earlier this week, Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) also earned a higher price target of $46 from Citigroup, versus the $41 previously. It also maintained a “buy” recommendation from the investment firm.
In the second quarter of the year, Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) widened its net loss by 12 percent to $42.1 million from $37.6 million in the same period last year. Total revenues ended 10.6 percent lower at $178.5 million versus $199.7 million year-on-year.
7. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)
CH Robinson snapped two straight days of losses on Thursday, jumping 18.1 percent to close at $115.32 apiece as investors cheered a strong earnings performance in the second quarter of the year.
In its earnings statement, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) said net income increased by 20.8 percent to $152 million from $126 million in the same period last year, despite total revenues declining by 7.7 percent to $4.1 billion from $4.5 billion year-on-year due to the divestment of its Europe surface transportation business and lower pricing in ocean services and fuel surcharges in truckload services.
The first half also saw the company booking a 31.3-percent jump in net income at $288 million from $219 million, despite revenues dropping by 8 percent to $8.18 billion from $8.9 billion.
“When the current transformation of C.H. Robinson began in early 2024 with the implementation of a new Lean operating model, we recognized that some people had doubts and didn’t understand how this would enable the company to change its trajectory. Now, with six consecutive quarters of consistent outperformance through the disciplined execution … there is no doubt in our minds that we are on the right path to deliver sustainable outperformance in all market cycles,” C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) President and CEO Dave Bozeman said.
6. eBay Inc. (NASDAQ:EBAY)
eBay snapped a four-day losing streak on Thursday, jumping 18.3 percent to close at $91.75 apiece as investors cheered its strong earnings performance and higher growth outlook for the rest of the year.
In its updated report, eBay Inc. (NASDAQ:EBAY) said net income in the second quarter jumped by 64 percent to $368 million from $224 million in the same period last year, while revenues grew by 6 percent to $2.73 billion from $2.57 billion.
In the first six months, net profit increased by 31 percent to $871 million versus the $662 million in the same period a year ago, while revenues inched up by 3.3 percent to $5.3 billion from $5.13 billion.
In the second quarter, eBay Inc. (NASDAQ:EBAY) implemented improvements to its operations, including the introduction of eBay Live which enables sellers and buyers to connect livestream; as well as the launch of an AI shopping agent which delivers real-time product recommendations and expert guidance based on users’ shopping preferences; and a generative AI tool that transforms listing images into short form videos.
5. Cognex Corporation (NASDAQ:CGNX)
Cognex Corp. rebounded by 20.76 percent on Thursday to finish at $40.77 apiece after reporting impressive earnings in the past quarter and raising its growth outlook for the third quarter of the year.
In its financial statement, Cognex Corporation (NASDAQ:CGNX) said net income in the second quarter increased by 12 percent to $40.5 million from $36.2 million in the same period last year, while revenues grew by 4 percent to $249 million from $239 million year-on-year.
Net profit in the first half rose by 33 percent to $64 million from $48 million, while revenues inched up by 3 percent to $465 million from $450 million.
For the current quarter, Cognex Corporation (NASDAQ:CGNX) said it targets to grow its revenues by 9 percent to a range of $245 million to $265 million, versus the $235 million actual revenue in the same period last year. Adjusted EPS was also pegged at $0.24 to $0.29, or 35 percent higher year-on-year.
Meanwhile, Cognex Corporation (NASDAQ:CGNX) is also set to distribute a quarterly cash dividend worth $0.08 to shareholders as of August 14 record. The dividends will be payable on August 28, 2025.
4. Rush Street Interactive, Inc. (NYSE:RSI)
Rush Street extended its winning streak to a fifth consecutive day on Thursday, jumping 25.53 percent to close at $20.16 apiece as investor sentiment was bolstered by an impressive earnings performance in the second quarter, coupled with a higher growth outlook for the rest of the year.
In its earnings release, Rush Street Interactive, Inc. (NYSE:RSI) said it swung to a net income of $28.8 million in the second quarter from a $300,000 net loss in the same period last year, while revenues increased by 22 percent to $269.2 million from $220.4 million.
The company also experienced a surge in monthly active users in the US and Canada, at 197,000 or a 21 percent increase; as well as in Latin America, including Mexico, at 403,000 or a 42 percent jump from the same period a year earlier.
Encouraged by the results, Rush Street Interactive, Inc. (NYSE:RSI) raised its full-year revenue and adjusted EBITDA guidance for full-year 2025. Revenues are now expected to settle anywhere between $1.05 billion and $1.1 billion, or an expected growth of 13.6 to 19 percent year-on-year.
Meanwhile, adjusted EBITDA was pegged at a range of $133 million to $147 million, or a 44-percent to 59-percent jump from last year.
3. American Superconductor Corp. (NASDAQ:AMSC)
American Superconductor surged to a new high on Thursday following an impressive earnings performance in the first quarter of fiscal year 2025.
During the session, the company touched its highest price of $57.85 before paring gains to end the day just up by 29.38 percent at $56.85.
In its updated report, American Superconductor Corp. (NASDAQ:AMSC) said it swung to a net income of $6.7 million from a net loss of $2.5 million in the same period last year. Revenues jumped by 79 percent to $72.3 million from $40.3 million year-on-year, as a result of organic growth from its acquisition of NWL Inc.
“We’ve kicked off fiscal 2025 with accelerated growth, delivering a standout first quarter marked by significant progress and exceptional execution that surpassed our expectations,” American Superconductor Corp. (NASDAQ:AMSC) Chairman, President, and CEO Daniel McGahn said.
“Strength in the semiconductor market—driven by growing demand for applications such as artificial intelligence and data centers—contributed to our momentum, while bookings and backlog remained steady … We approach the remainder of fiscal 2025 with confidence in our team and business.”
For the second quarter ending September 2025, American Superconductor Corp. (NASDAQ:AMSC) expects to book $2 million in net income, with revenues between $65 million and $70 million.
2. Applied Digital Corp. (NASDAQ:APLD)
Applied Digital snapped a four-day losing streak on Thursday, jumping 31.01 percent to close at $13.14 apiece as investors took heart from its expanded lease agreement with an AI hyperscaler that could result in some $11 billion in revenues.
In a statement, Applied Digital Corp. (NASDAQ:APLD) announced that CoreWeave Inc. (NASDAQ:CRWV) exercised its lease option for an additional 150 MW of critical IT load on top of the 250 MW signed earlier, bringing the total capacity to 400 MW.
The new load would effectively raise Applied Digital Corp.’s (NASDAQ:APLD) revenues by another $4 billion to a total of $11 billion from the said contract alone.
According to the company, the first 100 MW facility is scheduled to be operational in the fourth quarter of the year, to be followed by a 150 MW capacity in the middle of next year, and the third 150 MW in 2027.
Meanwhile, Applied Digital Corp. (NASDAQ:APLD) narrowed its net loss attributable to shareholders in the fourth quarter ending May 2025 by 16 percent to $53.9 million from $64.7 million in the same period last year. Total revenues increased by 41 percent to $38 million from $26.9 million year-on-year.
1. Figma, Inc. (NYSE:FIG)
Newly listed Figma Inc. soared as high as 278 percent in its first day as a publicly traded company, on strong investor confidence.
During the session, Figma, Inc. (NYSE:FIG) soared to as high as $124.63 before early profit-taking persisted to end the day just up by 250 percent at $115.5.
At the close of the trading, the company was already valued at more than $45 billion.
Figma, Inc. (NYSE:FIG) initially planned to raise $1.2 billion from its IPO through the sale of nearly 37 million shares, comprised of 12.5 million new shares from the company and 24.5 million existing shares owned by certain shareholders.
In addition, some selling stockholders granted the underwriters a 30-day option to purchase up to an additional 5.5 million shares.
The IPO followed a terminated merger deal agreement with Adobe in 2023, under which the latter would have acquired the newly listed company for a mix of stock and cash consideration.
Although both parties believed in the merits and benefits of the merger, Adobe and Figma, Inc. (NYSE:FIG) mutually agreed to terminate the transaction based on a joint assessment that there was no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.
While we acknowledge the potential of FIG 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 FIG and that has 100x upside potential, check out our report about this cheapest AI stock.
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