On Friday, October 31, shares of tech giant Amazon.com, Inc. (AMZN) boosted the market after it reported strong quarterly earnings. The tech-heavy Nasdaq increased by 0.61%. The S&P 500 went up by 0.26%. The Dow Jones Industrial Average closed slightly higher by 0.09%.
Amazon.com, Inc. (AMZN) gained 9.6% after it reported that its cloud computing unit’s revenue grew by 20% in the third quarter, exceeding market expectations. The company’s CEO, Andy Jassy, said that Amazon Web Services (AWS) is growing “at a pace we haven’t seen since 2022.” He also mentioned that there is a strong demand for AI and core infrastructure.
Brian Mulberry, Client Portfolio Manager at Zacks Investment Management, told CNBC:
“AI adoption is picking up, which makes the business investments in growing computing power and functionality of Gemini worthwhile. This will be a key metric going forward as we now have more than $600 billion in CAPEX spending committed for next year.”
Apple Inc. (AAPL) also reported better-than-expected earnings and revenue for its September quarter.
New earnings reports from the “Magnificent Seven” renewed hope for ongoing growth in tech megacaps. This encouraged investors while also reducing some concerns about overspending on AI infrastructure.
Mulberry also said:
“Investors will be paying attention to how that spending comes back to each company in the form of growing AI sales.”
Now, let’s take a look at the 12 best-performing stocks in the last 3 months.
Our Methodology
To compile our list of the 12 best-performing stocks in the last 3 months, we used the Finviz stock screener. We narrowed down our list by looking for stocks with a market capitalization of more than $2 billion and sorted our results based on 3-month performance. Finally, we ranked the 12 best-performing stocks in ascending order based on their 3-month performance as of October 31, 2025.
Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12 Best Performing Stocks in the Last 3 Months
12. TeraWulf Inc. (NASDAQ:WULF)
6-Month Performance: 200.39%
Number of Hedge Fund Holders: 26
TeraWulf Inc. (NASDAQ:WULF) ranks among the best-performing stocks in the last 3 months. On October 28, Oppenheimer initiated coverage on TeraWulf Inc. (NASDAQ:WULF), giving the stock an Outperform rating and setting the price target at $20.
Oppenheimer highlighted TeraWulf Inc.’s (NASDAQ:WULF) focus on becoming a high-performance computing (HPC) AI infrastructure company.
The research firm noted that TeraWulf Inc. (NASDAQ:WULF) has high-quality land with low-cost renewable electricity and fiber networks. This has helped the company win contracts with major AI industry clients.
Oppenheimer pointed out that demand for AI infrastructure has grown faster than expected over the last three years. The firm expects data center demand to grow 18% each year for the next five years. Oppenheimer believes there is a big shortage of about 20%, or 15 gigawatts, of capacity.
According to Oppenheimer’s analysis, TeraWulf Inc. (NASDAQ:WULF) currently has 1.2 gigawatts of space and power inventory. The company has contracts for over 400 megawatts of capacity and 250 megawatts of Bitcoin mining capacity that can be converted.
TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates industrial-scale data center infrastructure in the US that is designed specifically for Bitcoin mining and high-performance computing (HPC) hosting.
11. Ondas Holdings Inc. (NASDAQ:ONDS)
6-Month Performance: 203.77%
Number of Hedge Fund Holders: 9
Ondas Holdings Inc. (NASDAQ:ONDS) ranks among the best-performing stocks in the last 3 months. On October 29, Ondas Holdings Inc. (NASDAQ:ONDS) announced it has acquired a controlling interest in Insight Intelligent Sensors.
According to the report by Ondas Holdings Inc. (NASDAQ:ONDS), Insight Intelligent Sensors is an Israeli company that develops AI-driven electro-optical sensing systems to detect anomalies in real-time in complex environments. Its proprietary Smart Imaging Module (SIM) can process ultra-high-resolution at the edge to detect, identify and track small drones, vehicles, people, and even early signs of wildfires.
This acquisition is an important step for Ondas Holdings Inc. (NASDAQ:ONDS), which is strategically building a unified defense and security architecture that combines sensing, autonomy, and communications across land, air, and sea.
The company will integrate Insight Intelligent Sensors into its global defense portfolio. This will help Ondas Holdings Inc. (NASDAQ:ONDS) provide smart, autonomous, and connected solutions to US, NATO, and other allied partners and meet the demands in Intelligence, Surveillance, and Reconnaissance (ISR), border security, critical infrastructure, and environmental sustainability.
Ondas Holdings Inc. (NASDAQ:ONDS) provides autonomous systems and private wireless solutions. The company operates through its business units Ondas Autonomous Systems (OAS), Ondas Capital, and Ondas Networks.
