10 Stocks End Trading Week Soaring, Outshining Wall Street

Ten stocks finished the trading week boasting hefty gains, bucking a lackluster Wall Street performance as investor sentiment was buoyed by company-specific developments.

In contrast, the S&P 500 and the tech-heavy Nasdaq declined by 0.22 percent and 0.51 percent, respectively. The Dow Jones inched up by 0.08 percent.

In this article, let us explore the 10 best-performing stocks alongside the reasons behind their gains.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million in trading volume.

10. Rocket Lab Corporation (NASDAQ:RKLB)

Rocket Lab jumped by 7.86 percent on Friday to close at $30.04 apiece as investors continued to load up positions following an investment firm’s higher price target for the company.

In its market note earlier this week, Cantor Fitzgerald raised its price target for Rocket Lab Corporation (NASDAQ:RKLB) to $35 from $29 previously, while reaffirming its “overweight” rating.

The revision was based on Rocket Lab Corporation’s (NASDAQ:RKLB) successful space launch track record which positions itself in the industry.

In other news, Rocket Lab Corporation (NASDAQ:RKLB) scrapped a planned launch of a mysterious satellite on Friday due to high winds.

“Standing down from today’s launch attempt due to upper level winds exceeding our launch criteria. Standby for the next launch opportunity in the coming days,” it said in a post on X.

9. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave grew its share prices by 7.99 percent on Friday to hit a new all-time high, as investors continued to load up positions amid rosy growth prospects.

At intraday trading, shares of CoreWeave, Inc. (NASDAQ:CRWV) jumped as high as 10 percent to hit $187, before paring gains to finish the day at $170, as investors appeared to have flocked to the booming Artificial Intelligence industry for safety to mitigate risks from the ongoing geopolitical tensions.

In recent news, CoreWeave, Inc. (NASDAQ:CRWV) announced a record-breaking performance from using 2,496 of Nvidia Corp.’s latest Grace Blackwell Chips on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf.

In March this year, CoreWeave, Inc. (NASDAQ:CRWV) bagged an $11.9-billion deal with OpenAI and welcomed it as a new investor through the sale of $350 million CRWV stocks to the latter. Last month, OpenAI upsized the deal with another $4 billion worth of contract.

Last month, it was tapped by Aston Martin Aramco as its official AI cloud computing partner, where it will provide AI-accelerated engineering opportunities to support car design efficiency.