10 Stocks Delivering Outsized Gains; 3 Are Hitting Record Highs

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1. EquipmentShare.com Inc. (NASDAQ:EQPT)

EquipmentShare soared by 32.90 percent in its first day as a publicly listed company, suggesting strong investor interest for its business that supported the successful raising of $747.3 million in fresh funds.

During the session, EquipmentShare.com Inc. (NASDAQ:EQPT) opened the day at $28.50, jumped to its highest price of $33, then trimmed gains to end the day just up by 32.90 percent at $32.56 apiece. It priced its initial public offering at $24.50.

Founded in 2015 by brothers Jabbok and Willy Schlacks, EquipmentShare.com Inc. (NASDAQ:EQPT) is engaged in construction equipment rental, sales, and technology services, connecting workers and construction equipment and materials across jobsites.

The IPO came at a time of strong investor interest in the property industry, thanks to lower interest rates, and ahead of the Federal Reserve’s next open market committee meeting, where economists are expecting an interest rate cut.

While we acknowledge the potential of EQPT 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 EQPT 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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