Ten companies capped off the trading week with a bang, defying a broader market pessimism, as investors digested a flurry of company-specific developments.
Meanwhile, the Dow Jones dropped by 0.48 percent, the S&P 500 decreased 0.32 percent, and the Nasdaq dipped by 0.03 percent.
In this article, we focus on the performance of Friday’s top performers, detailing the reasons behind their gains.
To come up with the list, we considered the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. rallied for a fourth straight day on Friday to hit a new all-time high, as investors cheered its stellar earnings performance and bagging of a $10 billion deal with an artificial intelligence firm.
In intra-day trading, the company jumped by as much as 16.4 percent to touch its highest 52-week price of $356.24, before trimming gains to end the day just up by 9.41 percent at $334.89 each.
In an earnings report, Broadcom Inc. (NASDAQ:AVGO) said it swung to a net income of $4.14 billion from a $1.87 billion net loss in the same period last year. Net revenues grew 22 percent to $15.95 billion from $13.07 billion year-on-year, on the back of continued strength in AI accelerators, networking, and VMware.
The AI segment alone contributed $5.2 billion in revenues, marking a 63-percent jump year-on-year. It is expected to further jump to $6.2 billion in the fourth quarter of the year.
In a call with analysts, Broadcom Inc. (NASDAQ:AVGO) CEO Hock Tan announced that the company secured a $10 billion custom chip supply deal with an unnamed AI giant, but it was reported by Financial Times to be OpenAI.
According to Tan, the semiconductor giant will ship pretty strongly beginning 2026.
By the end of the month, common shareholders of Broadcom Inc. (NASDAQ:AVGO) as of September 22 are set to receive a quarterly dividend of $0.59 for every common share held. The dividends are payable on September 30, 2025.
9. Celestica Inc. (NYSE:CLS)
Celestica soared to a new all-time high on Friday, extending a winning streak for a fourth consecutive day, as optimism for semiconductor giant Broadcom Inc. (NASDAQ:AVGO) spilled over to the company.
During the session, Celestica Inc. (NYSE:CLS) climbed to a new 52-week high of $257.4, or a 16-percent jump, before trimming gains to finish the day up by only 9.64 percent at $242.68 apiece.
This followed Broadcom’s stellar earnings report and news of a newly clinched $10 billion custom chip supply deal with OpenAI. Investors highly expected that the new deal would largely benefit Celestica Inc. (NYSE:CLS) in terms of revenues, having been a longtime manufacturing and supply chain partner of the semiconductor giant.
In recent news, Celestica Inc. (NYSE:CLS) said net income for the second quarter of the year jumped by 122 percent to $211 million from $95 million in the same period last year. Revenues grew by 21 percent to $2.89 billion from $2.39 billion year-on-year.
For full-year 2025, Celestica Inc. (NYSE:CLS) has raised its revenue growth outlook to $11.55 billion from $10.85 billion as expected previously, while that for the third quarter is targeted at a range of $2.875 billion to $3.125 billion.
Hedge Fund Resource Center