5 Stocks That Absolutely Exploded Higher

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1. Roku Inc. (NASDAQ:ROKU)

Roku saw its share prices climb to a new four-year high on Friday, as investors positioned their portfolios following reports that it is exploring a sale.

In intra-day trading, the stock surged to its highest price of $148.88 before paring gains to finish the session just up by 20.08 percent at $143.66 apiece.

According to a report by Bloomberg citing people privy to the matter, Roku Inc. (NASDAQ:ROKU) is looking at potential options, including selling itself or tying up with media companies.

It is said to be already in talks with at least one media giant for a potential merger, albeit no final decision has been made.

In other news, Roku Inc. (NASDAQ:ROKU) told the Securities and Exchange Commission on Thursday that its Chairman and CEO, Anthony Wood, disposed of $2.13 million worth of its shares in a series of transactions last Wednesday, June 10. The sale covered 18,000 shares at prices ranging from $117.01 to $120.17 apiece.

In other news, Roku Inc. (NASDAQ:ROKU) reported a stellar earnings performance in the first quarter of the year, swinging to a net income of $85.7 million from a $27.4 million net loss in the same period last year.

Total net revenues increased by 22 percent to $1.249 billion from $1.021 billion year-on-year.

While we acknowledge the potential of ROKU 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 ROKU and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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