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Riot Platforms (RIOT) Soars 13.5% After Cashing In $102M From Bitcoin

Riot Platforms Inc. (NASDAQ:RIOT) is one of the 10 Stocks That Would Have Boosted Your Portfolios by Double Digits.

Riot Platforms extended its winning streak to a 6th consecutive day on Wednesday, climbing 13.53 percent to close at $16.11 apiece, after cashing in $102.3 million on gains from the sale of Bitcoins over the past five days.

This week alone, the company successfully disposed of 500 Bitcoins, successfully taking $34.87 million in fresh profits.

For illustration purposes only. Photo from Unsplash

For the first quarter of the year, Riot Platforms Inc. (NASDAQ:RIOT) was able to rake in $289.5 million in revenues, having sold 3,778 Bitcoins. It ended the quarter with 15,680 units, lower by 18 percent than 19,223 in the same period a year earlier.

Apart from the sale, Riot Platforms Inc. (NASDAQ:RIOT) also mirrored the broader market optimism, thanks to a two-week ceasefire between the US and Iran that pulled investors back into the market.

In other news, Riot Platforms Inc. (NASDAQ:RIOT) last week announced a 4 percent drop in Bitcoin production for the first quarter of the year, ending the period at only 1,473 versus 1,530 in the same period in 2025.

Average daily production stood at 16.4, also lower by 4 percent than the 17 average in the same quarter year-on-year.

While we acknowledge the risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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