This article explores the 5 stocks outperforming the market with effortless double-digit gains. For a more in-depth analysis and a broader selection, see our full list of 10 Stocks Besting Wall Street With Easy Double-Digit Gains.
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5. NuScale Power Corp. (NYSE:SMR)
NuScale soared by 16.28 percent on Wednesday to close at $13.57 apiece, as investors positioned portfolios ahead of the results of its earnings performance for the first quarter of the year, with optimism supported by the continued strong demand for energy services.
In a notice to investors, NuScale Power Corp. (NYSE:SMR) said that it is scheduled to report its financial and operating highlights after market close on May 7, 2026. A conference call will be held to discuss the results.
Last quarter, the company reported revenues of $31.5 million, marking a decline of 15 percent from the $37 million in the same period in 2024, primarily due to a reduction in revenues recognized from the RoPower technology license agreement executed in 2024.
In other news, NuScale Power Corp. (NYSE:SMR) recently partnered with Ebara Elliott Energy for a research program aimed at demonstrating and field-testing a commercial-scale high-temperature steam compressor to integrate NuScale Power Modules with petrochemical plants needing process heat.
Under the program, the two parties will collaborate to support the development, manufacturing, and integration of critical turbomachinery and energy-conversion systems for petrochemical plants powered by NuScale Power Corp. (NYSE:SMR) technology.
4. Lightwave Logic Inc. (NASDAQ:LWLG)
Lightwave Logic climbed to a fresh all-time high on Wednesday, as investors snapped up shares in players riding the technology boom while mitigating risks from the uncertainties in the Middle East.
In intra-day trading, the stock soared to its highest price of $15.29 before trimming gains to end the session just up by 17.43 percent at $15.16 apiece.
The rally can be attributed to the continued optimism for companies riding the AI wave, while investor funds fled industries seen as vulnerable to the US-Iran war.
Lightwave Logic Inc. (NASDAQ:LWLG) is a technology firm leveraging electro-optic polymers to transmit data at higher speeds with less power for data centers, among others.
Last month, its high-speed modulator platform was made available as part of the GDSFactory process design kit, which GlobalFoundries uses for its silicon photonics manufacturing platform.
Lightwave Logic Inc. (NASDAQ:LWLG) said that it partnered with GDSFactory for the integration of its polymer-based modulator technology into the GDSFactory PDK, enabling customers to incorporate high-speed electro-optic polymer modulators directly into their photonic integrated circuit designs for tape-out on GF’s silicon photonics platform.
The expanded PDK and integrated design flow support simulation, verification, and fabrication handoff within the GDSFactory environment, providing a manufacturable pathway from design to foundry execution.
3. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor soared to a new all-time high on Wednesday, as investors loaded portfolios ahead of the results of its earnings performance in the first quarter of the year.
In intra-day trading, the stock climbed to its highest price of $18.67 before trimming gains to finish the session just up by 20.48 percent at $18.47 apiece.
According to the company, it is scheduled to release its financial and operating highlights after market close on May 5, 2026. A conference call will follow to elaborate on the results.
In its last earnings call, Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it is targeting to hit revenues of $8 million to $8.5 million for the first quarter, a marked 39 to 43 percent decline from the $14 million registered in the same period last year.
Despite the decrease, investors remained confident about rosy prospects for the company, thanks to the continued surge in demand for semiconductors.
Investors are also expected to watch for its business outlook for the second quarter of the year.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently welcomed ex-Broadcom executive, Gregory Fischer, to its board of directors. He is tasked to serve on the company’s compensation and executive steering committees.
Fischer formerly served as senior vice president and general manager for Broadcom, and held leadership roles at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. He is currently serving as an independent director for Semtech Corporation.
2. POET Technologies Inc. (NASDAQ:POET)
POET Technologies climbed to a decade high on Wednesday, as investors cheered news that it received orders from Marvell Technologies, and is awaiting for the responses from two other technology firms it has been courting to supply its products.
In intra-day trading, the stock surged to a record high of $12.95 before trimming gains to finish the session just up by 24.59 percent at $12.77 apiece.
According to a report by Stocktwits, POET Technologies Inc. (NASDAQ:POET) chief finance officer Thomas Mika confirmed that the company has officially secured orders from Marvell, which is expected to boost its orders for the year to more than $5 million.
Deliveries are targeted to begin in the third quarter of the year.
“We’ve got a purchase order from them that we’re gonna ship against and we intend to continue that relationship and build it over time,” Mika was quoted as saying. It did not divulge the total value of the order.
Meanwhile, POET Technologies Inc. (NASDAQ:POET) said that it is likewise waiting for the responses from Foxconn and Luxshare for a potential supply deal.
“When you’re dealing with large companies that have committed to designing modules using your components, sometimes you hear from them, and sometimes you don’t,” Mika said. “We expect to hear back from at least one of those.”
1. Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU)
Xanadu Quantum recouped three days of losses on Wednesday, climbing 51.75 percent to close at $34.75 apiece, as investors loaded portfolios in quantum computing companies after the sector earned the backing of Nvidia Corp.
Nearly a month after it debuted on the stock market, Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) has already seen its stock price surge by as much as 430 percent, having hit its highest price of $42.44 at intra-day trading on April 16.
This followed Nvidia’s announcement recently that it launched two new models aimed at solving the challenges of the quantum computing industry.
Called the Ising Calibration and Ising Decoding, Nvidia said that the two model domains can both target the fundamental challenges in quantum computing.
Ising Calibration is a vision-language model for automating QPU calibration tasks capable of understanding quantum computing scientific experiment output and how it compares to expected trends, while Ising Decoding consists of two 3D CNN models for demanding decoding needed during quantum error correction.
Investors took the development positively, sparking appetite for key players, including Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU), as it validated the increasing importance of the quantum sector after executives from technology giants earlier said that they deemed the industry useful only decades away.
While we acknowledge the potential of XNDU 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 XNDU and that has 100x upside potential, check out our report about the cheapest AI stock.
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