In this article, we deep dive into the 5 Stocks Effortlessly Climbing Double-Digits. For a deeper discussion and an extended list, please see 10 Stocks Effortlessly Climbing Double-Digits.
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5. AXT Inc. (NASDAQ:AXTI)
AXT Inc. soared to a fresh all-time high on Friday, as investors resumed buying positions ahead of the company’s annual shareholders’ meeting in the next few weeks.
After failing to hit the required quorum, AXT Inc. (NASDAQ:AXTI) earlier this week said that it would move the meeting to June 4, 2026.
Investors are expected to watch for business updates and outlook for the year, with optimism strengthened by the strong demand for its products to support the development of artificial intelligence data centers.
In other news, AXT Inc. (NASDAQ:AXTI) earlier this month announced a huge improvement to its earnings performance for the first quarter of the year, with attributable net loss slashed by 81 percent to $1.62 million from $8.798 million in the same period last year. The drop was due to an 84 percent decrease in operating loss, at $1.585 million versus $10.275 million year-on-year. Revenues also surged by 39 percent to $26.9 million from $19.3 million year-on-year.
Looking ahead, AXT Inc. (NASDAQ:AXTI) is highly optimistic about its business, expecting to ride the booming artificial intelligence industry through a strong demand from data center operators.
4. Dell Technologies Inc. (NYSE:DELL)
Dell Technologies climbed to a new all-time high on Friday, as investors loaded portfolios ahead of the results of its earnings performance for the first quarter of fiscal year 2027.
In intra-day trading, the stock soared to its highest price of $298.32 before trimming gains to end the day just up by 16.77 percent at $295.19 apiece.
In a notice to investors, Dell Technologies Inc. (NYSE:DELL) said that it would release its financial and operating highlights during market hours on Thursday, May 28. A conference call will be held to discuss the results.
For the period, the company is expected to grow its revenues by 48 percent to 52.6 percent to a range of $34.7 billion to $35.7 billion, versus $23.4 billion in the same period last year. GAAP diluted earnings per share is projected to be at $2.55, or 86 percent higher than the $1.37 year-on-year.
For the full fiscal year 2027, revenues are projected to jump by 21.6 percent to 25 percent to a range of $138 billion to $142 billion from $113.5 billion year-on-year.
Earnings per share are pegged at $8.68, or a 36-percent jump from the $6.38 year-on-year.
3. BlackBerry Ltd. (NYSE:BB)
BlackBerry rallied for a second day on Friday to hit a new four-year high, after securing a high re-certification from the Federal Risk and Authorization Management Program (FedRAMP) for its AtHoc platform.
The re-certification was a significant milestone for the company amid the US government’s increasing requirements and investments in mission-critical emergency notification and crisis coordination, reinforcing BlackBerry Ltd.’s (NYSE:BB) focus on secure, resilient communications for federal agencies and critical infrastructure.
“Re-certification with FedRAMP Class D (High) underscores the operational maturity and security rigor BlackBerry AtHoc delivers to government and critical infrastructure customers every day,” BlackBerry Ltd. (NYSE:BB) AtHoc General Manager Ramon Pinero said.
”We are the only CEM platform to reach this bar in 2025, and this re-certification reflects our sustained investment in helping organizations coordinate faster, operate more securely, and respond effectively when conditions are most demanding,” he noted.
The Class D certification is reserved for cloud services that handle the US government’s most sensitive unclassified data, including systems where a loss of confidentiality, integrity, or availability could have a severe or catastrophic impact on operations or public safety.
As federal agencies expand their use of emergency communications platforms to protect military personnel, first responders, and essential operations, the 2026 re-certification suggests that BlackBerry AtHoc continues to meet these stringent requirements while evolving to support increasingly complex, distributed, and multi-agency operational environments.
2. Rigetti Computing Inc. (NASDAQ:RGTI)
Rigetti Computing rallied for a third consecutive day on Friday, climbing 19.87 percent to close at $26.42 apiece, as investors took heart from its $100-million financial backing from the US government.
Earlier in the week, the Department of Commerce announced that it would shell out $2.013 billion in federal incentives for nine companies to support the government’s CHIPS and Science Act.
The said amount would support the development of seven quantum computing companies and two domestic global foundries to accelerate the creation of quantum computers to help solve complex problems.
The beneficiaries include Rigetti Computing Inc. (NASDAQ:RGTI), D-Wave, Atom, Diraq, Infleqtion, PsiQuantum, and Quantinuum, while the two chipmakers include IBM and GlobalFoundries.
Rigetti Computing Inc. (NASDAQ:RGTI) alone will receive up to $100 million to address key technical challenges to develop and scale next-generation superconducting quantum computing technologies and architectures, such as miniaturizing and integrating novel readout electronics and next-generation cryostat architectures.
“Quantum computing will have far-reaching impacts on our nation’s national security, economic interests, and overall prosperity,” Rigetti Computing Inc. (NASDAQ:RGTI) CEO Subodh Kulkarni said.
“We are honored that the US government is seeking to partner with Rigetti to accelerate the pace of quantum computing commercialization and to bolster U.S. leadership in this revolutionary field. This investment will allow us to tackle key scaling bottlenecks more rapidly and get us closer to utility-scale quantum computing,” he noted.
1. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor saw its share prices climb by 19.98 percent on Friday to close at $29.25 apiece, as investors positioned portfolios ahead of its participation in a three-day conference early next month.
In a notice on its website, Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it would take part in the PCIM 2026 in Nuremberg, Germany, from June 9 to 11, to discuss key issues such as automotive, AI, humanoid robots, the evolution in data center power distribution, riding the SiC wave efficiently, and the future of GaN.
It will also showcase its latest gallium nitride (GaN) and GeneSiC silicon carbide (SiC) power semiconductors catered to the needs of AI data centers, energy and grid infrastructure, and industrial electrification.
Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it will specifically exhibit two solutions that enable a swifter transition to the 800 VDC standard using GaN, as well as two SST topologies enabled by Navitas GeneSiC UHV and HV technology.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) more-than-doubled its net loss in the first quarter of the year to $33.78 million from $16.8 million in the same period last year. Net revenues also declined by 38 percent to $8.6 million from $14 million year-on-year.
While we acknowledge the potential of NVTS 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 NVTS and that has 100x upside potential, check out our report about the cheapest AI stock.
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