The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China’s high-stakes negotiations on trade policies that have for months dented global economies.
On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent.
Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading.
In this article, we name the 10 top-performing companies this week and the primary reasons that bolstered their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2.
Photo by Jonathan Borba on Pexels
10. Magnite, Inc. (NASDAQ:MGNI)
Shares of Magnite Inc. rallied by 24.69 percent in just a week’s trading, ending at $15.10 last Friday from the $12.11 close a week earlier, with the boost primarily driven by its strong earnings performance in the first quarter of the year.
On Wednesday, Magnite, Inc. (NASDAQ:MGNI) said it narrowed its net loss by 46 percent to $9.6 million from the $17.8 million registered in the same period a year earlier. Revenues improved by 4 percent to $155.8 million from $149.3 million year-on-year.
Despite the strong figures, the company remained cautious about its business outlook for the rest of the year amid the potential impact of the ongoing market uncertainties on its business.
However, Magnite, Inc. (NASDAQ:MGNI) CEO Michael Barrett said that the firm was banking on the antitrust ruling against Google’s alleged monopoly of the markets for publisher ad servers and ad exchanges, and by illegally tying its ad server to its ad exchange.
“This ruling and its ensuing remedies have the potential to radically transform the open internet and create a more level playing field, which could significantly increase our monetization opportunities and market share, possibly as soon as next year,” Barrett said.
Magnite, Inc. (NASDAQ:MGNI) is a US-based advertising technology company that was formed following a merger between Rubicon Project and Telaria.
9. Hims & Hers Health, Inc. (NYSE:HIMS)
Hims & Hers Health saw its share prices jump by 27.29 percent week-on-week, ending Friday’s trading at $51.96 versus the $40.82 close a week earlier, as investors cheered its impressive earnings performance and expectations of more clinched partnerships for the rest of the year.
In its latest earnings release, Hims & Hers Health, Inc. (NYSE:HIMS) said that its net income expanded by 346 percent to $49.5 million from the $11.1 million registered in the same period last year, while revenues soared by 111 percent to $586 million from $278.2 million year-on-year.
The company said that its strong performance underpinned its updated 2025 guidance, with full-year revenues expected to settle between $2.3 billion and $2.4 billion, and the second quarter to end at $530 million to $550 million.
In recent news, Hims & Hers Health, Inc. (NYSE:HIMS) clinched a long-term deal with Novo Nordisk to jointly market the latter’s blockbuster weight loss drug, Wegovy, which now allows users to access NovoCare Pharmacy directly through its platform.
Apart from Novo Nordisk, the company said it is set to ink more deals with other companies soon.
8. Sunrun Inc. (NASDAQ:RUN)
Sunrun Inc. grew its share prices by 28.67 percent week-on-week, ending Friday at $9.38 versus the $7.29 a week earlier, as investor sentiment was boosted by its strong earnings performance in the first quarter of the year.
In a statement, Sunrun Inc. (NASDAQ:RUN) said that it swung to a net income attributable to shareholders of $50 million in the first quarter of the year, a reversal from the $87.8 million net loss in the same period last year.
Total revenues increased by 10 percent to $504 million from $458 million year-on-year, primarily driven by a 25-percent surge in revenues from customer agreements and incentives, which partially offset the 25-percent decline in revenues from solar energy systems and product sales.
Despite the strong figures, Sunrun Inc. (NASDAQ:RUN) posted a conservative outlook for the rest of the year.
“It is a dynamic environment for tax policy and tariffs. Like many companies across the country, we are controlling what we can and are ready to adapt to changes that may occur. Sunrun has faced periods of major change over the last few years, and we used it as an opportunity to become even stronger. We believe the tariff outlook is manageable, and we will still generate meaningful cash this year,” said CEO Mary Powell.
7. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies rallied by 28.71 percent week-on-week to end Friday at $14.12 versus the $10.97 on May 2, as investors snapped up shares following higher Bitcoin production last month, while repositioning portfolios ahead of the release of its first quarter earnings performance.
According to the company, it was able to mine 166 Bitcoins last month, which marked a 45.6 percent jump from the 114 Bitcoins mined in March. However, last month’s figure represented a 37 percent drop from the 265 Bitcoins mined in April last year.
Bitdeer Technologies Group (NASDAQ:BTDR) said that the increase in month-on-month production was primarily driven by the higher average self-mining hashrate from the energization of its sealminers.
Meanwhile, Bitdeer Technologies Group (NASDAQ:BTDR) is set to announce the results of its first quarter performance before the market opens on Thursday, May 18.
Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027.
6. Oscar Health, Inc. (NYSE:OSCR)
Oscar Health Inc. grew its share prices by 29.6 percent week-on-week to $17.11 last Friday from $13.20 a week earlier, following a strong earnings performance in the first three months of the year.
During the period, Oscar Health, Inc. (NYSE:OSCR) said it achieved a 55-percent increase in net income attributable to the company, at $275 million versus the $177 million in the same period last year.
Revenues were also higher by 42 percent to $3.05 billion from $2.14 billion year-on-year.
Membership similarly grew by 40.8 percent to 2.039 million from 1.448 million in the same period a year ago.
“We continue to expect meaningful margin expansion this year as we deliver superior value to our members and partners,” said Oscar Health, Inc. (NYSE:OSCR) CEO Mark Bertolini, adding that the company has reaffirmed its full year 2025 outlook across all metrics.
Oscar Health, Inc. (NYSE:OSCR) expects revenues between $11.2 billion and $11.3 billion and operational earnings of $225 million to $275 million.
5. The Trade Desk, Inc. (NASDAQ:TTD)
The Trade Desk jumped by 31.34 percent week-on-week to end Friday’s trading at $71.04 versus the $54.09 a week earlier, following an impressive income performance that boosted analysts’ ratings for its stock.
According to The Trade Desk, Inc. (NASDAQ:TTD), net income jumped by 59 percent to $51 million from $32 million in the same period last year, as revenues grew by 25 percent to $616 million from $491 million year-on-year.
Additionally, it achieved a strong customer retention of over 95 percent during the period.
For the second quarter of the year, the company is targeting to book at least $682 million in revenues and adjusted EBITDA of approximately $259 million.
Following the results, three investment firms issued their stock ratings and price targets for The Trade Desk, Inc. (NASDAQ:TTD).
UBS and Stifel both maintained their “buy” recommendations on its stock, with price targets of $80 and $87, respectively.
Meanwhile, Benchmark reaffirmed its “hold” recommendation and cautious stance, saying that growth expectations for 2025 are not guaranteed.
4. Lyft, Inc. (NASDAQ:LYFT)
Lyft Inc. grew its share prices by 31.62 percent week-on-week, to end at $16.65 on Friday versus the $12.65 a week earlier after swinging to profitability in the first three months of the year.
According to Lyft, Inc. (NASDAQ:LYFT), it achieved a net income of $2.6 million during the period, a reversal from the $31.5 million net loss in the same period last year, as revenues grew by 13.5 percent to $1.45 billion from $1.277 billion year-on-year.
Gross bookings also grew by 12.7 percent to $4.28 billion from $3.69 billion in the same comparable period, supported by the increase in the number of active riders and ridership.
For the second quarter, Lyft, Inc. (NASDAQ:LYFT) expects ridership to grow by mid-teens, as well as gross bookings to settle between $4.41 billion and $4.57 billion, or a 10 to 14 percent growth year-on-year.
“With our expansion into new demographics via Lyft Silver and into Europe with our planned FREENOW acquisition, we’re putting all the pieces in place for sustained, market-leading performance,” said Lyft, Inc. (NASDAQ:LYFT) CEO David Risher.
3. D-Wave Quantum Inc. (NYSE:QBTS)
Shares of D-Wave Quantum surged by 40.2 percent week-on-week to end at $11.09 last Friday, versus the $7.91 finish a week earlier after its earnings soared in the first quarter of the year.
On Thursday, D-Wave Quantum Inc. (NYSE:QBTS) said that its revenues expanded by 508 percent to $15 million from $2.465 million in the same period last year, primarily driven by the sale of a quantum computing system during the period.
Albeit still in the red, the higher figures helped narrow the company’s net loss by 69 percent to $5.421 million from $17.312 million year-on-year.
“The first quarter of 2025 was arguably the most significant in D-Wave’s history, especially in terms of our unique ability to deliver quantum value today to our customers and the scientific community,” said D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz.
“We recognized revenue on our first Advantage system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem. The end result was a record revenue and gross profit quarter,” he underscored.
2. Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining saw its share prices soar by 47.6 percent week-on-week to end Friday at $7.84 versus the $5.31 close on May 2, as investor sentiment was boosted by its strong earnings performance in the first quarter, coupled with a highly optimistic outlook for the rest of the year.
In a statement, Coeur Mining, Inc. (NYSE:CDE) said it swung to a net income of $33.4 million from a $29.1 million net loss in the same period last year as revenues jumped by 69 percent to $360.1 million from $213.1 million year-on-year.
With the strong figures, Coeur Mining, Inc. (NYSE:CDE) President and CEO Mitchell Krebs believed that the company is now in a strong position to deliver record operational and financial results for the rest of the year.
For full year 2025, Coeur Mining, Inc. (NYSE:CDE) expects to produce 95,000 to 105,000 ounces of gold and 5.4 million to 6.5 million ounces of silver. It also targets to spend between $26 million and $32 million, consisting primarily of sustaining capital and underground development.
1. Pony AI Inc. (NASDAQ:PONY)
Pony AI skyrocketed by 72.4 percent week-on-week to end at $17.93 on Friday versus the $10.40 a week earlier as investors gobbled up shares in the company after clinching a deal with ride-hailing giant Uber Technologies Inc. (NYSE:UBER) to expand its autonomous driving cars globally.
Earlier this week, Uber Technologies Inc. (NYSE:UBER) announced that it joined forces with Pony AI Inc. (NASDAQ:PONY) to offer robotaxis in a key market in the Middle East later this year.
The announcement came as a boost to Pony AI Inc. (NASDAQ:PONY), a ride-hailing giant based in China, as it would leverage Uber’s wide customer base globally.
During the initial phase, the robotaxis will remain supervised by safety operators onboard until the fully autonomous commercial launch.
The two companies also aim to expand their partnership into other international markets.
“At Pony.ai, our vision is to develop autonomous driving technology that is not only safe and reliable but also scalable, transforming daily transportation,” said Pony AI Inc. (NASDAQ:PONY) CEO James Peng.
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