These 10 Stocks Boast Double-Digit Gains Amid Boring Market

6. Symbotic Inc. (NASDAQ:SYM)

Symbotic surged by 14.57 percent on Wednesday to close at $35.70 apiece as investors gobbled up shares following Amazon CEO Andrew Jassy’s letter to employees, underscoring the future of warehouse automation and robotics.

In a letter to employees, Jassy underscored the company’s increasing adoption of Artificial Intelligence, saying that it will need fewer people to do some of the jobs over time.

“In our fulfillment network, we’re using AI to improve inventory placement, demand forecasting, and the efficiency of our robots—all of which have improved cost to serve and delivery speed,” Jassy was quoted as saying.

Jassy’s message spilled over to Symbotic Inc. (NASDAQ:SYM), which is heavily focused on warehouse automation and robotics, as investors placed bets on expectations of stronger demand for its solutions amid the broader shift towards AI.

In the first quarter of fiscal year 2025, Symbotic Inc. (NASDAQ:SYM) narrowed its net loss attributable to shareholders by 56 percent to $3.9 million from $8.8 million in the same period last year. Revenues rose by 40 percent to $549.6 million from $393 million year-on-year.