10 Firms Blowing Up by Double Digits Today

1. Exelixis, Inc. (NASDAQ:EXEL)

Exelixis soared by 20.84 percent on Wednesday to finish at $44.65 each following a strong earnings performance in the first three months, coupled with a more optimistic outlook for the rest of the year.

In its latest earnings release, Exelixis, Inc. (NASDAQ:EXEL) said net income expanded by 332 percent to $160 million from $37 million in the same period last year.

Revenues, on the other hand, grew by 30 percent to $555 million from $425 million year-on-year, primarily due to an increase in sales volume and an increase in average net selling price.

“Exelixis delivered outstanding financial performance in the first quarter of 2025, driven by accelerating growth in CABOMETYX demand, new patient starts, and revenues,” said President and CEO Michael Morrissey.

Based on the strong figures, the company has raised its growth outlook for net product revenues and total revenues, both by $100 million for the full year.

While we acknowledge the potential of EXEL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EXEL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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