Ten stocks boasted double-digit gains on Wednesday as investor funds poured back into the market, buoyed by the US and Iran’s two-week ceasefire that alleviated fears of a worst-case scenario for the global economy. Of the 10 in the list, three companies climbed to new all-time highs.
The stocks mirrored the rally on Wall Street, with the three major indices all finishing with more than 2 percent gains.
In this article, we focus on the 10 top performers and break down the reasons behind their gains.
To come up with the list, we focused on the companies with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Compass Inc. (NYSE:COMP)
Compass snapped a four-day losing streak on Wednesday, jumping 11.38 percent to finish at $7.44, primarily driven by an overall market optimism after the US shook hands with Iran for a two-week ceasefire.
The stock rallied alongside Wall Street’s three major indices, all clocking more than 2 percent gains during the day.
The rally was supported by announcements over the past few weeks that Compass Inc. (NYSE:COMP) officially dismissed its lawsuit filed against its counterpart, Zillow, in relation to the latter’s marketing ban.
In a statement, the listed firm said that the withdrawal followed Zillow’s announcement that it will no longer ban homesellers and their real estate brokers from publicly marketing a listing on the Compass family of websites or Redfin.com before marketing on Zillow.
“The end of the ‘Zillow Ban’ is a major victory for homesellers and their real estate professionals. It ensures that homeowners have the freedom to decide when, where, and how to market their homes, and that real estate professionals can uphold their fiduciary duties to their clients without fear of being banned by Zillow,” Compass Inc. (NYSE:COMP) said.
“With homesellers and their real estate professionals no longer subject to punishment by Zillow for publicly marketing a home, Compass will voluntarily dismiss its lawsuit,” it added.
Compass Inc. (NYSE:COMP) is a global real estate services company with a presence in the US and 120 other countries. It serves millions of buyers and sellers through brands @properties, Better Homes and Gardens, Century 21, Compass, and Corcoran, among others.
9. Intel Corp. (NASDAQ:INTC)
Intel Corp. extended its winning streak to a 6th straight session on Wednesday, climbing 11.42 percent to finish at $58.95, following news that it would join Elon Musk’s long-shot effort to develop semiconductors capable of powering 1 terawatt of computing capacity annually.
In a post on X, Intel Corp. (NASDAQ:INTC) said that it would join Musk’s Terafab project with SpaceX, xAI, and Tesla to help refactor silicon fab technology, in its latest effort to restore its status as one of the leading chipmakers.
“Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 TW/year of compute to power future advances in AI and robotics,” it said.
Terafab is one of Musk’s flagship projects with an aim to manufacture his own chips for robotics, AI, and space data centers.
“Terafab represents a step change in how silicon logic, memory, and packaging will get built in the future,” Intel Corp. (NASDAQ:INTC) Chief Executive Officer Lip-Bu Tan said in a separate post on X.
“Intel is proud to be a partner and work closely with Elon on this highly strategic project.”
Musk said last month that the Terafab project would be developed in Austin, Texas, and jointly run by Tesla and SpaceX.
8. Teradyne Inc. (NASDAQ:TER)
Teradyne surged to a fresh all-time high on Wednesday, as optimistic sentiment over Intel Corp.’s involvement in Elon Musk’s Terafab project spilled over into its stock.
In intra-day trading, Teradyne Inc. (NASDAQ:TER) climbed to its highest price of $358.69 before paring gains to finish the day just up by 11.42 percent at $358.29 apiece, after Intel Corp. announced that it would join the Terafab project with SpaceX, xAI, and Tesla to help refactor silicon fab technology and develop semiconductors capable of powering 1 terawatt of compute annually.
Intel Corp. is one of Teradyne Inc.’s (NASDAQ:TER) largest customers, apart from Samsung, Qualcomm, Analog Devices, Texas Instruments, and IBM.
As a leading chip test systems provider, any innovation and production expansion in semiconductors could benefit the company as this would spark higher demand for advanced testing solutions.
In other news, Teradyne Inc. (NASDAQ:TER) grew its net income last year by 2.2 percent to $554 million from $542 million in 2024. Net revenues increased by 13.12 percent to $3.2 billion from $2.8 billion year-on-year.
In the fourth quarter alone, net income increased by 76 percent to $257 million from $146 million in the same period a year earlier, while net revenues surged 40.8 percent to $1.08 billion from $769.2 million.
7. Applied Optoelectronics Inc. (NASDAQ:AAOI)
Applied Optoelectronics surged to a new all-time high on Wednesday, as the stock mirrored the rally in the broader market alongside developments in the artificial intelligence sector.
In intra-day trading, the stock climbed to its highest level of $134.49 before paring gains to finish the day just up by 12.80 percent at $132.70 apiece.
Wednesday also marked its fifth consecutive day of gains, helped by news earlier this month of strong demand for its next-generation transceivers, following a major customer’s upsized order for the 800G variant.
According to Applied Optoelectronics Inc. (NASDAQ:AAOI), the customer, which it refused to identify, hiked its 800G orders to $124 million from $53 million, more than doubling its existing backlog for the latter.
“This increased order for our 800G transceivers reflects both the customer’s confidence in AOI and the growing demand for 800G optics,” Applied Optoelectronics Inc. (NASDAQ:AAOI) Chairman and CEO Dr. Thompson Lin said.
Following product qualification, Applied Optoelectronics Inc. (NASDAQ:AAOI) expects to kick off the delivery for both the initial and upsized orders in the second quarter of the year, with completion targeted by the end of 2026.
“We also recently shipped the first 10,000 units of an 800G single-mode transceiver order to another hyperscale datacenter customer,” Lin noted.
Launched in September last year, the 800G optical transceivers are built for high-performance AI and cloud data center networks requiring superior port density and bandwidth efficiency. It is available in standard pluggable form factors and is essential for high-capacity spine switching and high-speed GPU cluster interconnects.
6. Oscar Health Inc. (NYSE:OSCR)
Oscar Health extended its winning streak to a 6th straight day on Wednesday, jumping 12.88 percent to close at $14.64 apiece following news of higher reimbursement rates for Medicare Advantage plans for next year.
Oscar Health Inc. (NYSE:OSCR) surged alongside its peers after the Centers for Medicare and Medicaid Services (CMS) announced earlier this week that it would raise to 2.48 percent in 2027 the reimbursement rates for Medicare plans, versus the mere 0.09 percent announced in January.
The higher rate would translate to more than $13 billion in additional payments for 2027.
Oscar Health Inc. (NYSE:OSCR) is one of the leading insurance companies offering Medicare plans and is expected to benefit from the higher reimbursement rates.
In other news, Oscar Health Inc. (NYSE:OSCR) said that it is scheduled to announce the results of its earnings performance in the first quarter of the year before market open on May 6. A conference call will be held to discuss the financial and operating highlights.
For full-year 2026 alone, the company is targeting to grow its revenues by 60 to 62 percent to a range of $18.7 billion to $19 billion, versus $11.7 billion posted in 2025.
While we acknowledge the potential of OSCR 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 OSCR and that has 100x upside potential, check out our report about the cheapest AI stock.
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