In this article, we deep dive into the 5 Stocks Racking Up Monster Gains. For a deeper discussion and an extended list, please see 10 Stocks Outperforming Wall Street With Monster Returns.
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5. Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro bounced back by 24.50 percent on Wednesday to finish at $34.66 apiece, as investor sentiment was boosted by its stellar earnings performance in the third quarter of fiscal year 2026.
In an updated report, Super Micro Computer Inc. (NASDAQ:SMCI) said that its net income in the quarter ending March 2026 soared by 343 percent to $483 million from only $109 million in the same period last year. Net sales more than doubled to $10.2 billion from $4.6 billion year-on-year.
“Supermicro’s transformation into a total datacenter infrastructure provider is accelerating,” Super Micro Computer Inc. (NASDAQ:SMCI) President and CEO Charles Liang said.
“Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust. With the addition of our new US manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals,” he noted.
For the fourth quarter ending June, the company expects net sales to grow by 90 percent to 118 percent, to a range of $11 billion to $12.5 billion, versus $5.8 billion in the same period last fiscal year.
For the full fiscal year, net sales are projected to be at $38.9 billion to $40.4 billion, or an implied growth of 77 percent to 83.6 percent from the $22 billion year-on-year.
4. Veeco Instruments Inc. (NASDAQ:VECO)
Veeco Instruments soared to a new 25-year high on Wednesday, following news that it bagged $250 million worth of equipment orders from multiple customers riding the AI wave.
At intra-day trade, the stock soared to a record high of $65.41 before trimming gains to end the session just up by 25.17 percent at $62.01 apiece.
In a statement, Veeco Instruments Inc. (NASDAQ:VECO) said that it received orders for its Spector Ion Beam Deposition (IBD), Lumina Metal Organic Chemical Vapor Deposition (MOCVD), and WaferEtch Wet Processing systems, which are all essential in the production of Indium Phosphide (InP) lasers.
A substantial portion of the orders was for the Spector IBD from leading manufacturers of 800G and 1.6T optical transceivers. Deliveries are targeted to begin this year.
Orders aside, Veeco Instruments Inc. (NASDAQ:VECO) announced on the same day that it swung to a net loss of $300,000 from a $11.9 million net income in the same period last year. Revenues also dropped by 5 percent to $158.3 million from $167.3 million year-on-year.
Commenting on the performance, Veeco Instruments Inc. (NASDAQ:VECO) CEO Bill Miller said that the company “executed well in the first quarter” as the industry enters a transformational period driven by rapid expansion of AI data centers and high-performance computing.
The firm is targeting its revenues to pick up by 2 percent to 14 percent, to a range of $170 million to $190 million year-on-year.
3. Compass Inc. (NYSE:COMP)
Compass soared by 27.27 percent on Wednesday to finish at $9.24 apiece, after swinging to profitability in the first quarter of the year.
In an updated report, Compass Inc. (NYSE:COMP) said that it incurred an attributable net income of $22 million in the first three months of the year, reversing a $51 million net loss in the same period last year.
Revenues nearly doubled to $2.7 billion from only $1.356 billion year-on-year, primarily due to the addition of Anywhere Real Estate’s revenues.
Compass Inc. (NYSE:COMP) Chief Executive Officer Robert Reffkin said that the strong performance was supported by the continued discipline in operating expenses (opex), as well as growth in health revenues.
Looking ahead, the real estate technology company expects its revenues in the second quarter of the year to jump by 94 percent to 104 percent to a range of $4 billion to $4.2 billion.
Adjusted EBITDA is also targeted to hit a range of $310 million to $350 million, or an implied growth of 146 percent to 178 percent from the $125.9 million in the second quarter last year.
“Looking ahead, we remain acutely focused on opex control, executing against our cost synergy targets, and generating cash flow to de-lever our balance sheet,” Compass Inc. (NYSE:COMP) Chief Finance Officer Scott Wahlers said.
2. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 rallied to a new all-time high on Wednesday, as investors took heart from its strong performance in the first quarter of the year, with revenues more than tripling year-on-year.
In an updated report, Hut 8 Corp. (NASDAQ:HUT) said that revenues jumped by 226 percent to $71 million from only $21.8 million in the same period last year, with growth primarily driven by its computing business, raking in $66 million, followed by power with $3.7 million, and $1.3 million from digital infrastructure.
However, the company widened its net loss by 88.8 percent to $253 million from $134 million in the same comparable period.
“In the first quarter of 2026, we continued to execute against our conviction that power is the foundational layer for the next generation of energy-intensive technologies, and that those who secure it at scale will build and compound a durable competitive advantage. That conviction has produced a contracted revenue base of $16.8 billion underpinned by triple-net, take-or-pay data center leases with 597 MW of IT capacity across two hyperscale AI campuses, and diversified blue-chip, investment-grade counterparties,” Hut 8 Corp. (NASDAQ:HUT) CEO Asher Genoot said.
“Our initial lease at Beacon Point demonstrates how our distinct power-first development model is repeatable across tenants and geographies. We identified a site that incumbents and peers overlooked and delivered a lease structured on the same triple-net, take-or-pay terms that defined our first AI data center lease at River Bend. Within five months, we have more than doubled our contracted capacity and secured $9.8 billion in incremental base-term contract value,” he noted.
With River Bend data center advancing toward the second quarter of 2027 delivery target, Hut 8 Corp. (NASDAQ:HUT) said that it continues to focus on scaling its platform.
1. Flex Ltd. (NASDAQ:FLEX)
Flex extended its winning streak to a 6th straight session on Wednesday, to hit a new all-time high, as investors took heart from its strong earnings performance and news that it would spin off its cloud and power infrastructure business into a new publicly-traded firm.
At intra-day trading, the stock soared to its highest price of $134.99 before trimming a few cents to finish the session just up by 39.69 percent at $134.73 apiece.
In an updated report on the same day, Flex Ltd. (NASDAQ:FLEX) said that it grew its net income for fiscal year 2026 by 5 percent to $880 million from $838 million in fiscal year 2025. Net sales grew by 8 percent to $27.9 billion from $25.8 billion year-on-year.
In the fourth quarter alone, net profit increased by 12.6 percent to $250 million from $222 million, while net sales increased by 17 percent to $7.5 billion from $6.4 billion in the same comparable period.
Looking ahead, Flex Ltd. (NASDAQ:FLEX) is targeting to grow its net sales for the first quarter of 2027 ending June by 14 percent at the midpoint to a range of $7.35 billion to $7.65 billion, while for full fiscal year 2027, net sales are projected at $32.3 billion to $33.8 billion, or an implied jump of 18 percent at the midpoint.
In other news, Flex Ltd. (NASDAQ:FLEX) said that it would separate its cloud and infrastructure business into a new independent publicly-listed company, in line with plans for the two firms to focus on their core businesses.
“By creating two focused, independent companies, we are giving SpinCo (spinoff company) the platform to build and scale the products and digital infrastructure that the world’s most demanding AI workloads depend on, and Flex the focus to deliver advanced manufacturing solutions at a global scale for diversified industries. We believe each company will have the strategic clarity and dedicated leadership to drive exceptional outcomes for its respective customers and shareholders. I’m excited to be part of the journey for both companies,” Flex Ltd. (NASDAQ:FLEX) CEO Revathi Advaithi said.
While we acknowledge the potential of FLEX 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 FLEX and that has 100x upside potential, check out our report about the cheapest AI stock.
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