In this article, we deep dive into the 5 stocks with eye-popping double-digit gains. For a deeper discussion and an extended list, please see 10 Stocks With Unbelievable Gains.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
5. Redwire Corp. (NYSE:RDW)
Redwire snapped a two-day losing streak on Thursday, climbing 22.08 percent to close at $13.99 apiece, as investors positioned their portfolios ahead of the SOF Week Annual conference next week.
In a notice, Redwire Corp. (NYSE:RDW) said that it is set to participate in the SOF Week in Tampa, Florida, from May 19 to 21, where investors are expected to watch for updates about its new technologies.
According to the company, it would showcase its Stalker and Penguin uncrewed aerial systems (UAS)—two combat-proven products capable of delivering the mission capability of larger UAS and the agility needed in the field.
It is also set to exhibit the Octopus line of optical gimbal camera payloads, which allows the operator to see farther, interpret faster, and act on intelligence with greater confidence.
In other news, Redwire Corp. (NYSE:RDW) markedly widened its net loss attributable to shareholders in the first quarter of the year to $78 million from only $6.48 million in the same period last year.
Revenues, on the other hand, increased by 58 percent to $96.97 million from $61.39 million year-on-year.
Following the strong revenue results, Redwire Corp. (NYSE:RDW) reaffirmed its revenue growth forecast for full-year 2026 to a range of $450 million to $500 million, or an implied growth of 34 percent to 49 percent from the $335.38 million in 2025.
4. Fermi Inc. (NASDAQ:FRMI)
Fermi extended its winning streak to a 5th straight session on Thursday, soaring 22.38 percent to close at $7.37 apiece, after hinting at securing a leasing agreement with a new tenant over the next three months, overshadowing a dismal earnings performance in the first quarter of the year.
As part of its Fermi 2.0 strategic evolution corporate strategy, Fermi Inc. (NASDAQ:FRMI) said that it is expected to secure a binding tenant agreement over the next 90 days, details of which have not been divulged.
It said that it is also working diligently to hire its next CEO with the help of executive recruiting firm Heidrick & Struggles, following the ouster of Toby Neugebauer two weeks earlier. It is likewise exploring strategic partnerships to accelerate the deployment of power and data centers.
“Fermi America is at a meaningful inflection point in its development,” Fermi Inc. (NASDAQ:FRMI) Chairman Marius Haas said.
In other news, Fermi Inc. (NASDAQ:FRMI) markedly widened its net loss in the first quarter of the year to $188.69 million from $78 million in the same period last year, dragged by a higher operating loss of $166 million versus only $78 million year-on-year.
3. Ondas Inc. (NASDAQ:ONDS)
Ondas snapped two days of losses on Thursday, climbing 26.52 percent to close at $11.21 apiece, as investors cheered a stellar earnings performance in the first quarter of the year, having swung to profitability and propelling revenues by more than 1,000 percent.
In an updated report, Ondas Inc. (NASDAQ:ONDS) said that it swung to a net income of $361 million in the first quarter of the year from a $14 million net loss in the same period last year.
Revenues soared by 1,092 percent to $50 million from $4.2 million year-on-year, exceeding its guidance by 25 percent.
“We delivered record results in the first quarter of 2026, with revenue of $50.1 million representing a ten-fold increase year-over-year, as our Core + Strategic Growth Program continues to drive strong execution and accelerating momentum across the business,” Ondas Inc. (NASDAQ:ONDS) Chairman and CEO Eric Brock said, underscoring that the company is operating in an environment of powerful demand tailwinds, particularly across counter-UAS and defense robotics market.
Encouraged by the results, Ondas Inc. (NASDAQ:ONDS) raised its full-year 2026 revenue target to at least $390 million, or an implied jump of 690 percent year-on-year, to be driven by organic growth, an accelerated strategic growth program, and global demand for unmanned and autonomous systems.
2. POET Technologies Inc. (NASDAQ:POET)
POET Technologies rallied for a second day on Thursday to hit a new all-time high, after bagging a new supply order from Lumilens Inc. with the potential to generate $500 million in revenues over the next five years.
In an updated report, POET Technologies Inc. (NASDAQ:POET) said that $50 million of the total was initially inked, representing the first phase of the broader supply agreement over the next five years.
In connection with the deal, POET Technologies Inc. (NASDAQ:POET) granted Lumilens a warrant to purchase more than 22.9 million common shares, exercisable over nine years at a price of $8.25 apiece.
“This new EOI platform will allow us to jointly bring semiconductor-style manufacturing discipline to optical engines — delivering precision, scalability, and cost structure advantages that are essential for AI infrastructure at scale. Working jointly with Lumilens enables us to translate these capabilities into high-volume production and end-customer deployments for the next generation of AI data centers,” said POET Technologies Inc. (NASDAQ:POET) Chairman and CEO Suresh Venkatesan.
In other news, the listed firm reported a dismal earnings performance in the first quarter of the year, having swung to a net loss of $12.3 million from a $6.3 million net income in the same period last year.
Revenues soared by 202 percent to $503,389 from $166,760 year-on-year.
1. Cerebras Systems Inc. (NASDAQ:CRBS)
Cerebras Systems soared by as much as 108 percent in its first trading day as a publicly listed company, as investors gobbled up its shares, fueled by optimism for the broader semiconductor and artificial intelligence sectors.
During the day, the stock opened the session at $350, soared to as high as $385, a marked jump from its initial public offering (IPO) price of $185. It also hit an intra-day of $300, which was still 62 percent higher than the IPO price.
Following the strong performance, Cerebras Systems Inc. (NASDAQ:CRBS) was able to bolster its valuation to $40 billion, having successfully raised $5.55 billion in fresh funds through the sale of 30 million shares.
Underwriters were also given an option to purchase an additional 4.5 million shares at the IPO price.
Cerebras Systems Inc. (NASDAQ:CRBS) said that proceeds from the offer will be used for general corporate purposes, including working capital, operating expenses, and capital expenditures.
Meanwhile, the balance may be used to in-license, acquire, or invest in complementary technologies, assets, businesses, and intellectual property.
On the same day, Cerebras Systems Inc. (NASDAQ:CRBS) earned the backing of Cathie Wood’s ARK ETF after the latter purchased 105,616 shares for a total of $4.85 million.
While we acknowledge the potential of CRBS 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 CRBS and that has 100x upside potential, check out our report about the cheapest AI stock.
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