5 Stocks With Double-Digit Returns

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1. Aevex Corp. (NYSE:AVEX)

Aevex soared even higher in its second day as a publicly listed company, as investor optimism continued to be fueled by the rosy prospects for the industry amid the ongoing geopolitical tensions.

At intra-day trading, Aevex Corp. (NYSE:AVEX)—a military drone-maker—climbed to as high as $42.34 before paring gains to end the session just up by 24.06 percent at $33.41 apiece.

From its initial public offering price of $20, its peak already represented a 111.7 percent growth in its stock.

The strong debut came on the heels of ongoing geopolitical tensions, which highlighted the need for stronger military defense products and services.

Aevex Corp. (NYSE:AVEX) successfully raised $320 million in fresh funds from the sale of 16 million shares to the public, valuing the company at $2.6 billion.

Proceeds from the offer, according to Aevex Corp. (NYSE:AVEX), will be used for the acquisition of 16 million shares in Athena Technology Solutions Holdings, LLC—a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.

While we acknowledge the potential of AVEX 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 AVEX 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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