The stock market extended its winning streak on Thursday as investors cheered President Donald Trump’s trade deal framework between the United States and the United Kingdom.
Among Wall Street’s major indices, the tech-heavy Nasdaq rallied the most, up 1.07 percent, followed by the Dow Jones, up 0.62 percent, and the S&P 500, gaining 0.58 percent.
According to Trump, the Oval Office outlined a trade deal framework. While a 10-percent baseline tariff will remain for imported goods from the UK, it could be the low end of deals with future countries.
“The final details are being written up,” Trump said. “In the coming weeks, we’ll have it all very conclusive.”
Beyond the major indices, 10 firms stood out, booking double-digit gains amid a flurry of fresh developments such as optimistic revenue guidance and impressive earnings performance, among others. In this article, let us explore Thursday’s 10 top-performing stocks and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Photo by Yan Krukau/Pexels
10. Pony AI Inc. (NASDAQ:PONY)
Pony AI extended its winning streak for a third straight day on Thursday, jumping by another 13.83 percent to close at $16.96, as investors continued to load up shares on optimism over its recent partnership with Uber Technologies Inc. (NYSE:UBER).
Earlier this week, Pony AI Inc. (NASDAQ:PONY) and Uber announced joined forces to offer robotaxis in a key market in the Middle East later this year.
The announcement especially came as a boost to Pony AI Inc. (NASDAQ:PONY) as it would start to leverage Uber’s wide customer base globally.
During the initial pilot phase, the robotaxis will have safety operators onboard until the fully autonomous commercial launch.
The two companies also aim to expand their partnership into other international markets.
“At Pony.ai, our vision is to develop autonomous driving technology that is not only safe and reliable but also scalable, transforming daily transportation,” said Pony AI Inc. (NASDAQ:PONY) CEO James Peng.
9. Remitly Global Inc. (NASDAQ:RELY)
Remitly Global grew its share prices by 14.56 percent on Thursday to close at $24.16 apiece as investors reacted positively to its strong earnings performance in the first quarter of the year.
During the period, Remitly Global Inc. (NASDAQ:RELY) swung to a net income of $11.35 million from a net loss of $21 million in the same period a year earlier.
Revenues also increased by 34 percent to $361 million from the $269 million registered year-on-year.
Further supporting the optimistic sentiment was the 29-percent increase in active customers alone, ending at 8 million versus the 6.2 million in the same comparable period.
“This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, and secure experience. As that trust continues to grow, so does our ability to scale efficiently and profitably,” said Remitly Global Inc. (NASDAQ:RELY) President and CEO Matt Oppenheimer.
Following the strong figures, the company raised its revenue outlook for the rest of the year, with revenues now expected to grow between 25 and 26 percent to $1.574 billion to $1.587 billion, as compared with the $1.565 billion to $1.580 billion targeted previously.
8. Dentsply Sirona Inc. (NASDAQ:XRAY)
Dentsply Sirona, one of the leading dental equipment manufacturers globally, saw its share prices jump by 16.30 percent on Thursday to close at $15.91 apiece as investors cheered its improved earnings performance and beat of analysts’ estimates.
In its latest earnings release, Dentsply Sirona Inc. (NASDAQ:XRAY) said that attributable net income increased by 11 percent to $20 million from the $18 million reported in the same period last year.
Net sales, on the other hand, dropped by 7.8 percent to $879 million from $953 million year-on-year, weighed down by foreign currency changes, which dented its net sales by approximately $30 million.
For the rest of the year, Dentsply Sirona Inc. (NASDAQ:XRAY) maintained its previous growth outlook, with revenues targeted to settle at $3.6 billion to $3.7 billion, and organic sales to drop by 2 to 4 percent.
7. Banco Bradesco S.A. (NYSE:BBD)
Banco Bradesco grew its share prices by 18.94 percent on Thursday to end at $2.7 apiece as investors cheered its strong earnings performance in the first three months of the year.
During the period, Banco Bradesco S.A. (NYSE:BBD) achieved a 39.3-percent increase in its recurring net income at R$5.9 billion versus the same period last year.
Revenues, on the other hand, reached R$32.3 billion, marking a 15.3-percent improvement from the same comparable period, driven by an expressive growth in three key components: total net interest income, fee and commission income, as well as income from insurance.
“Revenue growth will be the primary reason for improving our profitability for the year. It will be a gradual and secure process, with control of credit risk,” the company said.
Banco Bradesco S.A. (NYSE:BBD) is a Brazil-based financial services company and is the third largest bank in terms of assets in Brazil and in Latin America.
6. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies grew for a third straight day on Thursday, adding 19.30 percent to close at $13.54 apiece as investors snapped up shares ahead of the release of its first quarter earnings performance before market open on Thursday, May 18.
Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027.
In recent news, Bitdeer Technologies Inc. (NASDAQ:BTDR) received a $200 million credit line offer from Matrixport, a company similarly owned by its chairman, Jihan Wu, to support the Bitcoin miner’s ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months.
As of April 21, BTDR was already able to draw as much as $43 million from the credit line.
5. Magnite, Inc. (NASDAQ:MGNI)
Magnite Inc. extended its winning streak for a sixth straight day on Thursday, adding 19.79 percent to close at $14.89 apiece as investors gobbled up shares following an impressive earnings performance in the first quarter.
During the period, Magnite, Inc. (NASDAQ:MGNI) narrowed its net loss by 46 percent to $9.6 million from the $17.8 million registered in the same period a year earlier.
Revenues improved by 4 percent to $155.8 million from $149.3 million year-on-year.
Despite the strong performance, Magnite, Inc. (NASDAQ:MGNI) said it is taking a cautious stance on its outlook for the rest of the year amid the potential impact of the trade uncertainties on its business.
“In CTV, we continue to see strong programmatic adoption and are very pleased with the growth of Netflix and their continued rollout of programmatic globally. On the DV+ side of the business, we applaud the monumental antitrust ruling against Google. This ruling and its ensuing remedies have the potential to radically transform the open internet and create a more level playing field, which could significantly increase our monetization opportunities and market share, possibly as soon as next year,” said Magnite, Inc. (NASDAQ:MGNI) CEO Michael Barrett.
4. Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining saw its shares surge by 21.64 percent on Thursday to close at $6.97 apiece as investors cheered its strong earnings performance in the first quarter of the year.
In a statement, Coeur Mining, Inc. (NYSE:CDE) said it swung to a net income of $33.4 million from a $29.1 million net loss in the same period last year.
Revenues jumped by 69 percent to $360.1 million from $213.1 million year-on-year.
Amid the strong figures, Coeur Mining, Inc. (NYSE:CDE) President and CEO Mitchell Krebs said that the company is now in a strong position to deliver record operational and financial results in full-year 2025.
For the full year, Coeur Mining, Inc. (NYSE:CDE) expects to produce 95,000 to 105,000 ounces of gold and 5.4 million to 6.5 million ounces of silver.
It also targets to spend between $26 million and $32 million, consisting primarily of sustaining capital and underground development.
3. QuidelOrtho Corporation (NASDAQ:QDEL)
QuidelOrtho saw its share price expand by 41.04 percent on Thursday to close at $36.46 apiece after almost wiping out its net losses during the first quarter of the year.
In a statement on Thursday, QuidelOrtho Corporation (NASDAQ:QDEL) said it narrowed its net loss by 99 percent to $12.7 million from $1.7 billion recorded in the same period last year, despite revenues dipping by 2.56 percent to $692.8 million from $711 million year-on-year.
The lag in revenues can be owed to the flat performance of its non-respiratory revenue, which was at $573 million. Meanwhile, respiratory revenues ended at $120 million, marking an 11 percent growth year-on-year.
Looking ahead, QuidelOrtho Corporation (NASDAQ:QDEL) expects revenues to settle anywhere between $2.6 billion and $2.81 billion, with adjusted EBITDA ranging from $575 million to $615 million.
For the full year, the company also targets to book between $30 million and $40 million in tariff impact, which it targets to mitigate through cost actions.
2. Sezzle Inc. (NASDAQ:SEZL)
Shares of Sezzle Inc. surged by 42.14 percent on Thursday to close at $74.98 apiece following a strong earnings performance that bolstered its revenue guidance for the rest of the year.
In a statement, Sezzle Inc. (NASDAQ:SEZL) said net income for the first quarter of the year jumped by 351.6 percent to $36.164 million from $8.007 million in the same period a year earlier.
Revenues similarly expanded by 123.3 percent to $104.9 million from $46.98 million year-on-year, thanks to the higher engagement and sustained lift from its partnership with WebBank.
Following the strong performance, Sezzle Inc. (NASDAQ:SEZL) raised its outlook for the rest of the year, now expecting to grow by 60 to 65 percent versus the 25 to 30 percent growth as earlier targeted.
Net income, on the other hand, is expected at $120 million, while adjusted net income is pegged at $80 million.
Sezzle Inc. is a financial technology services company offering “Buy Now, Pay Later” and installment options to consumers.
1. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum Inc. skyrocketed by 51.23 percent on Thursday to end at $10.42 apiece after its earnings soared in the first quarter of the year.
On Thursday, D-Wave Quantum Inc. (NYSE:QBTS) announced that its revenues expanded by 508 percent to $15 million from $2.465 million in the same period last year, primarily driven by the sale of a quantum computing system during the period.
This pushed its net loss to shrink by 69 percent to $5.421 million from $17.312 million year-on-year.
“The first quarter of 2025 was arguably the most significant in D-Wave’s history, especially in terms of our unique ability to deliver quantum value today to our customers and the scientific community,” said D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz.
“We recognized revenue on our first Advantage system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem. The end result was a record revenue and gross profit quarter,” he underscored.
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