In this article, let us take a look at the 5 stocks delivering huge double- and triple-digit gains. For a deeper discussion and an extended list, please see 10 Stocks With Double-, Triple-Digit Returns.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
5. Vicor Corp. (NASDAQ:VICR)
Vicor Corp. saw its share prices jump by 25.4 percent week-on-week, as investors cheered its stellar earnings performance in the first quarter of the year, with net income soaring by 713 percent and revenues climbing by double-digits.
In an updated report earlier in the week, Vicor Corp. (NASDAQ:VICR) said that it grew its attributable net income to $20.66 million from $2.54 million in the same period last year, primarily driven by a $27.3 million tax benefit due to the partial recognition of certain deferred tax assets in the period.
Net revenues surged by 39 percent to $112.97 million from $93.97 million year-on-year.
Of the total, revenues from products remained the highest contributor, up 18 percent to $98 million from $83.2 million year-on-year. Royalties amounted to $14.97 million, or a 39 percent jump from the $10.76 million in the same comparable period.
“Rising demand across high-performance compute, automatic test equipment, and industrial, aerospace, and defense applications is reflected in a 70 percent sequential increase in backlog, setting the stage for revenue growth,” said Vicor Corp. (NASDAQ:VICR) CEO Patrizio Vinciarelli.
“We are expanding capacity with additional equipment in our first CHiP fab while planning a second fab. Expanding total capacity with a second fab and an alternate source of high current density 2nd Gen VPD modules will give OEMs and Hyper-scalers redundant access to enabling VPD power system technology,” he added.
4. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor managed to jump by 40.26 percent week-on-week, despite a drop in Friday’s session, as investors loaded portfolios ahead of the results of its earnings performance for the first quarter of the year.
In a notice to investors, Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it is scheduled to report its financial and operating highlights after market close on May 5, 2026. A conference call will follow to elaborate on the results.
For the period, Navitas Semiconductor Corp. (NASDAQ:NVTS) is targeting to hit revenues of $8 million to $8.5 million for the first quarter, a marked 39 to 43 percent decline from the $14 million registered in the same period last year.
Despite the decrease, investors remained confident about the rosy prospects for the company, thanks to the continued surge in demand for semiconductors.
Investors are also expected to watch for its business outlook for the second quarter of the year.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently welcomed ex-Broadcom executive, Gregory Fischer, to its board of directors. He is tasked to serve on the company’s compensation and executive steering committees.
Fischer formerly served as senior vice president and general manager for Broadcom, and held leadership roles at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. He is currently serving as an independent director for Semtech Corporation.
3. Arm Holdings PLC (NASDAQ:ARM)
Arm Holdings soared by 40.8 percent week-on-week, as investors increased their positions thanks to an investment firm’s bullish outlook for the broader CPU market.
In Friday’s session alone, shares of Arm Holdings PLC (NASDAQ:ARM) climbed by 14.76 percent to close at $234.81 apiece, after DA Davidson posted optimism for the CPU market, thanks to stronger-than-expected results from Intel Corp., which signaled that the industry is reaccelerating.
Another competitor, Advanced Micro Devices Inc., also surged following the news.
DA Davidson said that the CPU market “reinserting itself as an indispensable foundation of the AI era,” as workloads now shift to agentic AI, which could spark demand growth for the CPU players.
In other news, Arm Holdings plc (NASDAQ:ARM) said that it is scheduled to release the results of its earnings performance for the fourth quarter of fiscal year 2026 after market close on Wednesday, May 6. A conference call will be held to elaborate on the results.
For the period, Arm Holdings plc (NASDAQ:ARM) is targeting a revenue growth of 18.45 percent to $1.47 billion, plus or minus $50 million, versus the $1.24 billion in the same period last year.
Meanwhile, non-GAAP fully diluted earnings per share are pegged at $0.58, plus or minus $0.04, or an implied growth of 5.45 percent from the $0.55 year-on-year.
2. POET Technologies Inc. (NASDAQ:POET)
POET Technologies climbed by 108 percent week-on-week, even hitting an over 11-year high, as investors piled into its stock following a confirmation that it bagged a new supply deal with a key semiconductor player.
On Friday alone, the stock climbed to a record high of $15.50 before trimming gains to end the session just up by 28.84 percent at $15.10 apiece. The last time POET Technologies Inc. (NASDAQ:POET) touched the said level was in August 2014.
A report by Stocktwits said earlier in the week that POET Technologies Inc. (NASDAQ:POET) chief finance officer Thomas Mika confirmed that the company officially secured orders from Marvell Technologies, which is expected to boost its total orders to more than $5 million for this year.
Deliveries, the report said, are targeted to begin in the third quarter of the year.
Additionally, the company is awaiting the confirmation of two more potential clients, namely Foxconn and Luxshare.
“We expect to hear back from at least one of those,” Mika was quoted as saying.
Despite the news, former hedge fund manager and Mad Money host Jim Cramer deemed it too early to load portfolios on POET Technologies Inc. (NASDAQ:POET).
“Let’s not get ahead of ourselves with these recent announcements. POET’s got a joint development agreement. They’re not producing this stuff at scale. I’m calling it early. The stock’s trading like they’re already in mass production, and that bothers me. Just look at the numbers. POET’s financials make it look more of a science project than a business,” Cramer said.
“With a company like this, the challenge is never just whether the technology works in a lab demo. You gotta figure out if it can be manufactured consistently and shipped at what we call scale.”
1. MaxLinear Inc. (NASDAQ:MXL)
MaxLinear soared by 130 percent week-on-week, as investors resumed buying positions after posting a strong earnings performance for the first three months and an upbeat outlook for the second quarter.
In Friday’s session alone, MaxLinear Inc. (NASDAQ:MXL) climbed by as much as 85 percent to a record high of $63.52, before paring gains to end the day just up by 76.12 percent at $60.32 apiece.
This followed a 43-percent growth in revenues in the first quarter of the year, at $137 million versus the $95.9 million in the same period a year earlier. Net loss narrowed by 9.45 percent to $45 million from $49.7 million year-on-year.
MaxLinear Inc. (NASDAQ:MXL) Chairman and CEO Kishore Seendripu pointed to the strong momentum for optical data center connectivity as having bolstered its earnings performance for the period.
“Revenue grew 43 percent year over year, with infrastructure growing more than 130 percent to become our largest end market. This was driven primarily by strong execution and production ramps of our optical data center products at multiple hyperscale customers across scale-up and scale-out AI platforms,” he said.
Following the results, MaxLinear Inc. (NASDAQ:MXL) said that it is now at a clear inflection point in its optical data center business, marked by a step function increase in second-quarter revenues.
For the April to June period, the company is targeting to grow its revenues by 47 percent to 56 percent to a range of $160 million to $170 million, versus $108.8 million in the same period last year.
While we acknowledge the potential of MXL 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 MXL and that has 100x upside potential, check out our report about the cheapest AI stock.
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