In this article, we deep dive into the 5 Stocks Racking Up Monstrous Gains. For a deeper discussion and an extended list, please see 11 Stocks Racking Up Monstrous Gains.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
5. Wipro Ltd. (NYSE:WIT)
Wipro saw its share prices climb by 18.54 percent on Thursday to close at $2.43 apiece, as investor sentiment was boosted by an aggressive plan to buy back $1.8-billion worth of its shares.
In a regulatory filing earlier this week, Wipro Ltd. (NYSE:WIT) reiterated plans to repurchase 5.7 percent of its total outstanding shares at a price of 250 Indian rupees or $2.71 apiece. The figure marked an 11-percent upside potential from its latest closing price of $2.43.
Meanwhile, investors owning American depositary shares of Wipro Ltd. (NYSE:WIT) are required to convert their ADRs into direct shares before they can participate in the buyback program. Conversion requests can be submitted to JPMorgan Chase Bank no later than 12 nn EST on June 2, 2026.
Typically, companies authorize a share repurchase program for several reasons, including boosting their stock price when management believes that the shares are undervalued, signaling confidence in the company’s growth prospects, and enhancing shareholder value, among others.
Based in India, Wipro Ltd. (NYSE:WIT) is a company engaged in AI-powered technology services and consulting focused on building innovative solutions that address clients’ most complex digital transformation needs.
4. Amprius Technologies Inc. (NYSE:AMPX)
Amprius Technologies soared by 21.50 percent on Thursday to finish at $20.85 apiece, as investors cheered a research study which showed that the US silicon anode battery market is expected to climb to $31.27 billion by 2035.
A report by SNS Insider during the day said that the market is expected to climb by a 51 percent compound annual growth rate (CAGR) between 2026 and 2035, from only $536.6 million last year.
“Growth can be attributed to substantial federal investment in battery innovation, EV manufacturing capacity growth, and growing commercialization of advanced batteries,” it said.
Amprius Technologies Inc. (NYSE:AMPX) was named among the companies that stand to benefit from the growth, alongside other players, namely Group14 Technologies Inc., Sila Nanotechnologies Inc., Enovix Corporation, among others.
In Europe alone, the market is expected to climb to $7.62 billion from $146.2 million in 2025, or at a CAGR of 48.09 percent from this year through 2035.
“Silicon Anode Battery Market is registering high growth due to silicon-based anodes being regarded as the upcoming innovation in the field of advanced lithium-ion batteries,” SNS Insider said.
Amprius Technologies Inc. (NYSE:AMPX) is a leader in advanced lithium-ion battery technology, delivering high-energy and high-power silicon-anode batteries with up to twice the energy density, range, and flight time of conventional graphite-based cells. Earlier this month, the company partnered with Matternet for a strategic collaboration to advance the performance of the latter’s M2 aircraft.
3. Ondas Inc. (NASDAQ:ONDS)
Ondas extended its winning streak to a third consecutive day on Thursday, surging 22.7 percent to finish at $13.25 apiece, as investors took heart from Oppenheimer’s reaffirmed bullish rating for its stock.
In a market note, Oppenheimer maintained its “buy” recommendation and price target of $16 for shares of Ondas Inc. (NASDAQ:ONDS), or an implied 20.7 percent upside potential from its latest closing price.
The coverage coincided with Ondas Inc.’s (NASDAQ:ONDS) annual stockholders’ meeting held on the same day, where all company resolutions were said to have secured shareholder approval, including the amendment to the 2021 Stock Incentive Plan, which would increase the number of shares to 81 million from 61 million at present.
“Everything passed. It was a public event. Grateful for the support of shareholders. We have a lot of hard work ahead. We will file an 8k [filing] later, of course,” Ondas Inc. (NASDAQ:ONDS) CEO Eric Brock said in a social media post following the event.
In other news, the company told the Securities and Exchange Commission on the same day that certain shareholders have expressed an intention to sell more than 2.7 million shares in the company. The sellers are expected to implement sales on the Nasdaq from time to time.
2. Red Cat Holdings Inc. (NASDAQ:RCAT)
Red Cat Holdings Inc. (NASDAQ:RCAT) saw its share prices climb by 32.61 percent on Thursday to finish at $14.15 apiece, as investors took heart from news that its subsidiary is now in full gear for the production of a maritime autonomy platform to support US defense missions.
In a statement, Red Cat Holdings Inc. (NASDAQ:RCAT) said that its maritime division, Blue Ops, is now ramping up the production of the Variant 7 uncrewed surface vessel—a mission-adaptable USV powered by a Steyr engine and integrated with a domestic autonomy, command-and-control, communications, and mission systems stack.
V7 is designed for sea state endurance, maintainability, survivability, operational simplicity, and long-term mission reliability. It supports missions including intelligence, surveillance, and reconnaissance; force protection; harbor and coastal security; contested logistics; and payload-adaptable operations for US and allied forces.
“Blue Ops is moving Variant 7 into full-rate production because the mission demand is here now,” said Barry Hinckley, president of Blue Ops.
“This platform brings together US boatbuilding expertise, a modern tech stack that was designed and developed domestically, and a defense-ready supply chain for customers who cannot compromise on origin, reliability, or adaptability. We designed Variant 7 to be built at scale and configured for the missions our customers face,” he noted.
Blue Ops’ autonomy roadmap is further strengthened by Red Cat Holdings Inc.’s (NASDAQ:RCAT) acquisition of Apium Swarm Robotics, a California-based developer of distributed control systems for autonomous swarming drones and USVs. Apium will continue developing its multi-agent autonomy architecture for integration with the V7 and Red Cat’s Family of Systems, supporting coordinated operations across air, land, and sea.
1. Snowflake Inc. (NYSE:SNOW)
Snowflake saw its share prices climb by 36.48 percent on Thursday to close at $239.20 apiece, as investors cheered the strong results of its earnings performance in the first quarter of fiscal year 2027.
In an updated report, the company said that it slashed its net loss during the period by 31 percent to $295 million from $430 million in the same period last year, thanks to strong momentum from the artificial intelligence industry.
Revenues also increased by 33.6 percent to $1.39 billion from $1.04 billion year-on-year.
“AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey. With Cortex Code and Snowflake Intelligence, we are extending from the trusted foundation for enterprise data and context to become the control plane for the Agentic Enterprise. We are seeing strong momentum from both AI-driven acceleration of our core platform and growing adoption of our first-party AI products, positioning Snowflake to lead in this new era,” said Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy.
For the second quarter of the year, the company is targeting to generate $1.415 billion to $1.42 billion in revenues, or an implied growth of 30 percent year-on-year.
For the full fiscal year, Snowflake Inc. (NYSE:SNOW) also raised its product revenue outlook to $5.84 billion, or an implied 31 percent growth, versus its previous guidance of $5.66 billion, or 27 percent improvement year-on-year.
While we acknowledge the potential of SNOW 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 SNOW and that has 100x upside potential, check out our report about the cheapest AI stock.
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