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.
8. Sandisk Corp. (NASDAQ:SNDK)
Sandisk surged to a new record high on Friday and marked three straight days of gains, as investor sentiment was boosted by the broader market optimism for Artificial Intelligence.
At intra-day trading, Sandisk Corp. (NASDAQ:SNDK) surged to its highest 52-week record of $68.67, marking a 9.87-percent jump, before paring gains to finish the day up by only 9.68 percent at $68.55.
The rally was mainly influenced by Morgan Stanley’s bullish comments for the NAND memory market, citing strengthening fundamentals.
According to the investment firm, the enterprise SSD had grown sharply, largely driven by increasing AI infrastructure buildouts and ongoing HDD shortages.
Massive orders—totaling tens of exabytes—are moving NAND supply away from consumer markets such as PCs and smartphones.
While Sandisk Corp.’s (NASDAQ:SNDK) exposure to enterprise SSD was limited, Morgan Stanley expects upside for the company as its BICS 8 process ramps up in the second half of the year, positioning it for a better 2026.
7. Peabody Energy Corp. (NYSE:BTU)
Shares of Peabody Energy rallied for a third straight day on Friday, jumping 9.94 percent to end at $19.13 apiece as investors cheered its highly optimistic outlook for the coal industry over the next few years.
In a statement earlier this week, Peabody Energy Corp. (NYSE:BTU) said that the surging demand for electricity in the US has the potential to bolster coal consumption by as much as 57 percent.
In a study released in July, the US Energy Information Administration said that it expects electricity generation to increase to 17 percent this year from 16 percent in 2024; and consumption to grow by 6 percent this year but decrease by 6 percent in 2026 amid planned power plant retirements and increasing renewable capacity coming online.
Peabody Energy Corp. (NYSE:BTU), one of the largest private coal companies globally, is expected to benefit from the energy boom as demand for both thermal and metallurgical coal remains resilient.
In the second quarter of the year, Peabody Energy Corp. (NYSE:BTU) swung to a net loss attributable to shareholders of $27.6 million from a $199.4 million net income in the same period last year. Revenues dropped by 14 percent to $890.1 million from $1.04 billion year-on-year.
6. BILL Holdings, Inc. (NYSE:BILL)
BILL Holdings extended its rally to a second day on Friday, jumping 10.39 percent to end at $51.54 apiece as investor sentiment was bolstered by news that activist investor Starboard Value was mulling over a boardroom challenge to push changes at the financial automation software company.
In a regulatory filing, Starboard Value said that it has been building the position with BILL Holdings, Inc. (NYSE:BILL) following the drop in its share prices recently. This includes nominating director candidates and engaging with the company on significant issues.
Since the start of the year, BILL Holdings, Inc.’s (NYSE:BILL) stock price has already fallen by 39 percent, and by 48 percent from its highest 52-week price of $100.19.
In the past few weeks, the company announced a dismal earnings performance for the fourth quarter of the 2025 fiscal period, having incurred a net loss of $7.07 million in the fourth quarter from a $7.6 million net income in the same period last year. Total revenues, however, were higher by 11.66 percent at $383 million versus $343.66 million year-on-year.
Looking ahead, the company is targeting to grow its revenues by 9 to 11 percent for fiscal year 2026 to a range of $1.589 billion to $1.629 billion, as well as its net income to $236 million to $260 million.
For the first quarter alone, revenues are expected to settle at $385 million to $395 million, marking a year-on-year revenue growth of 7 to 10 percent. Net income is expected to hit $56.5 million to $60.5 million.
5. Sunrun Inc. (NASDAQ:RUN)
Shares of Sunrun jumped by 10.65 percent on Friday to end at $18.18 apiece as investors took path from the benefits of a potential rate cut in its business.
With the US central bank expected to officially implement a rate cut in its next Federal Open Market Committee meeting, market participants began positioning themselves on expectations that lower interest rates would pose as a tailwind for Sunrun Inc.’s (NASDAQ:RUN) business model, which heavily relies on financing to make its solar products more affordable to homeowners.
Additionally, Sunrun Inc. (NASDAQ:RUN) signaled earlier that lower borrowing expenses could help reduce expenses, expand customer adoption, and improve profit margins.
In the second quarter of the year, Sunrun Inc.’s (NASDAQ:RUN) net income attributable to shareholders doubled to $279.77 million from $139.07 million in the same period last year, while total revenues grew by 8.6 percent to $569 million from $523.9 million year-on-year.
Subscriber count also increased by 15 percent or 28,823, bringing its total number of subscribers to 941,701 during the period.
4. Opendoor Technologies Inc. (NASDAQ:OPEN)
Opendoor Technologies extended its winning streak to a 6th consecutive day on Friday to hit a new all-time high, as investors cheered a campaign to bring back its co-founder, Keith Rabois, to the board to support the company’s turnaround and revival.
At intra-day trading, the stock surged by as high as 14.9 percent to hit a new record of $6.85 before trimming gains to end the day just up by 11.58 percent at $6.65 apiece.
Eric Jackson—founder of EMJ Capital, which owns a significant stake in Opendoor Technologies Inc. (NASDAQ:OPEN)—has been advocating for Rabois’ return to the company for his bold, aggressive, and visionary stance, as opposed to its former CEO Carri Wheeler’s cautious and reactive attitude.
Jackson believed that Rabois’ return would support a turnaround and revival of Opendoor Technologies Inc.’s (NASDAQ:OPEN) true vision.
In a post on X (formerly Twitter), Jackson said he believed the company could propel to as high as $82, $200, and even $500, but that the current board “will be long gone by then.”
Further spurring sentiment were high expectations of a lower interest rate at the Federal Reserve’s next FOMC meeting.
Opendoor Technologies Inc. (NASDAQ:OPEN), a real estate technology company that resells residential properties, is expected to benefit from the move on lower borrowing costs for prospective homebuyers.
3. Braze, Inc. (NASDAQ:BRZE)
Braze Inc. rallied for a second day on Friday, jumping 13.59 percent to end at $31.42 apiece after raising its revenue growth outlook for the full fiscal period of 2026.
In an updated report, Braze, Inc. (NASDAQ:BRZE) said it now expects revenues of $717 million to $720 million, as compared with its previous outlook of $702 million to $706 million, on the back of new business wins and existing customer expansions during the quarter. Net income was targeted at $45.5 million to $46.5 million.
For the third quarter alone, the company said it expects revenues to hit $183.5 million to $184.5 million, and net income of $6.5 million to $7.5 million.
“Looking ahead, Braze is focused on AI solutions that will empower brands to transform the customer engagement experience for marketers and end users alike, driving high ROI for our customers and Braze,” said CEO Bill Magnuson.
In the second quarter of the fiscal year, Braze, Inc. (NASDAQ:BRZE) widened its attributable net loss by 21 percent to $27.9 million from $23 million in the same period last year. Revenues increased by 23.8 percent to $180.1 million from $145.5 million year-on-year, primarily driven by new customers, upsells, and renewals.
2. Lucid Group, Inc. (NASDAQ:LCID)
Lucid Group climbed by 13.92 percent on Friday to finish at $18.41 apiece as investors resorted to bargain-hunting following six straight days of decline.
In recent news, Lucid Group, Inc. (NASDAQ:LCID) implemented a reverse stock split at a ratio of one-for-ten, meaning every 10 shares of the company were converted into one share. The split took effect last Tuesday, September 2.
Penny stock companies typically adopt a reverse stock split move to artificially boost their share price, make it more appealing to investors, reduce the number of outstanding shares, and sometimes, avoid the risk of getting delisted from the Nasdaq.
Under the Nasdaq rules, a listed company must maintain a minimum bid price requirement of $1 to avoid a potential delisting.
Without the reverse stock split, Lucid Group, Inc. (NASDAQ:LCID) is technically hovering the $1 level.
In recent news, Lucid Group, Inc. (NASDAQ:LCID) announced that it successfully raised $300 million in fresh funds from Uber Technologies Inc. (NYSE:UBER).
In line with the investment, both companies will deploy more than 20,000 Lucid vehicles over the next six years. The vehicles will be launched in a major city in the US next year and operated by Uber or its third-party fleet partners.
1. Samsara Inc. (NYSE:IOT)
Samsara rallied for a third day on Friday, surging 17.44 percent to close at $42.09 apiece after an impressive earnings performance and raising its growth outlook for the full-year period.
In its financial statement, Samsara Inc. (NYSE:IOT) said it narrowed its net loss by 66 percent to $16.8 million from $49.61 million in the same period last year. Revenues grew by 30.49 percent to $391.48 million from $300 million year-on-year.
“Samsara had another strong quarter of durable and efficient growth,” said CEO and co-founder Sanjit Biswas.
“As the trusted partner to some of the world’s largest and most complex operations, we’re seeing firsthand how the rise of the AI-driven economy is amplifying demand for our platform. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running,” he added.
Following the results, Samsara Inc. (NYSE:IOT) raised its revenue growth outlook for the full-year period to $1.574 billion to $1.578 billion, from the $1.547 billion to $1.555 billion as expected previously. The updated figures would mark a 26-percent growth year-on-year.
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