Ten stocks delivered staggering gains on Thursday, surging by 9 to 36 percent in just the day’s session, thanks to a flurry of company-specific developments and investor confidence about the upcoming second-quarter earnings results.
The stocks traded higher in line with the broader market, with the Nasdaq rallying the most with 0.75 percent, followed by the S&P 500 with a 0.54 percent gain, and the Dow Jones, at 0.52 percent.
In this list, we name the top 10 performing mid-cap companies and break down the reasons behind their strong performance.
The stocks were chosen based on two criteria: at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines grew its share prices for a fourth straight day on Thursday, adding 9.18 percent to close at $12.25 apiece following expansion plans at its headquarters at the Houston Spaceport after successfully securing another 25-year lease contract with the city government.
In a statement, Intuitive Machines Inc. (NASDAQ:LUNR) said the developments include a 16,500-sq-ft spacecraft development and production space, an 8,000-sq-ft warehouse and storage facility, and 150 new parking stalls to accommodate the growing workforce. The company noted that its workforce has already grown by 130 percent since 2019.
“This expansion reflects the strength of our partnership with local government and our shared commitment to building the infrastructure, workforce, and capabilities needed to deliver on current government missions and meet the demands for what’s next,” said Intuitive Machines Inc. (NASDAQ:LUNR) CEO Steve Altemus.
The project followed Intuitive Machines Inc.’s (NASDAQ:LUNR) launch of a 105,572-sq-ft lunar production and operations center at Houston Spaceport, which features mission control rooms, spacecraft assembly floors, and research and development laboratories.
9. Archer Aviation Inc. (NYSE:ACHR)
Archer Aviation saw its share prices increase by 10.84 percent on Thursday to close at $13.4 apiece, tracking the rally of its counterpart Joby Aviation Inc. (NYSE:JOBY) following the latter’s announcement that it would ramp up its production plans at one of its facilities.
The move boosted investor sentiment on expectations that Archer Aviation Inc. (NYSE:ACHR) will either follow suit, with the sector already earning the backing of President Donald Trump through an executive order last year that would support the expansion of the industry in the US.
Both Archer Aviation Inc. (NYSE:ACHR) and Joby Aviation Inc. (NYSE:JOBY) shares marked Thursday the fourth straight day of gains.
In other news, Archer Aviation Inc. (NYSE:ACHR) CFO Mark Mesler officially stepped down from his role last July 7, following a period of medical leave since September 2024.
Priya Gupta, who served as the company’s acting CFO, will continue to serve in her same capacity.
8. Webull Corporation (NASDAQ:BULL)
Webull extended its rally for a second day on Thursday, jumping 11.86 percent to finish at $14.43 apiece as investors cheered plans to reintegrate cryptocurrency trading into its group platform.
In a statement, Webull Corporation (NASDAQ:BULL) said the move would support its plans to reintroduce cryptocurrency trading to its global customer base following its launch in Brazil last month.
Additional markets are also expected to take place, including making cryptocurrency trading available to its US customers through the Webull app by the end of the third quarter.
“The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform,” Webull Corporation (NASDAQ:BULL) President and CEO Anthony Denier said.
“With this consolidation, the company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology, and we’ve already seen great success with our rollout in Brazil. We look forward to tapping additional markets this year,” he added.
7. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum rallied for a fourth straight day on Thursday, jumping 13.78 percent to close at $19.24 apiece as investors gobbled up shares following an analyst’s recommendation to own its shares.
In the latest episode of the Mad Money show, host and former hedge fund manager Jim Cramer advised a caller to own shares in D-Wave Quantum Inc. (NYSE:QBTS).
“[In just] one headline, one little story, that stock goes up 10 more points…and D-Wave has the ability to do that because it is actually a real company,” he said.
In other news, D-Wave Quantum Inc. (NYSE:QBTS) is expected to announce the results of its second quarter earnings in the second week of August 2025.
D-Wave Quantum Inc. (NYSE:QBTS) recently earned an “outperform” rating from Cantor Fitzgerald with a price target of $20, saying that quantum computing is “one of the most highly coveted technical milestones with significant economical implications.”
6. BigBear.ai Holdings, Inc. (NYSE:BBAI)
BigBear.ai jumped for a fourth day on Thursday, adding 15.45 percent to end at $8.22 apiece as investors gobbled up shares ahead of the results of its second quarter earnings performance.
BigBear.ai Holdings, Inc. (NYSE:BBAI) said in a statement on the same day that it would release the results of its financial and operating results on August 11, 2025, after market close, to be followed by an earnings call later in the evening.
In the first quarter of the year, BigBear.ai Holdings, Inc. (NYSE:BBAI) narrowed its net loss by 51 percent to $62 million from $128 million in the same period last year. Revenues increased by 4.8 percent to $34.7 million from $33.1 million year-on-year.
Earlier this month, BigBear.ai Holdings, Inc. (NYSE:BBAI) announced taking part in a huge international military exercise to test out and improve advanced technologies for future defense needs. It joined forces with partners and allies across Australia, Canada, France, Japan, New Zealand, the United Kingdom, and all branches of the United States military to integrate resources and technologies in support of defense transformation efforts for future warfighters.
5. Sarepta Therapeutics, Inc. (NASDAQ:SRPT)
Sarepta Therapeutics saw its share prices rise by 19.53 percent on Thursday to close at $21.97 apiece following announcements that it would shift its focus to high-impact programs as part of a corporate restructuring plan ultimately aimed at meeting financial obligations due in the next two years.
In a statement, Sarepta Therapeutics, Inc. (NASDAQ:SRPT) said it was targeting $400 million in cost-saving measures annually through reducing operating expenses and laying off 500 jobs, or 36 percent of its workforce.
The restructuring followed concerns on its Elevidys drug after the death of two patients from acute liver failure tied to taking the treatment. The incident triggered an investigation by the Food and Drug Administration (FDA) last month, with the watchdog noting that it was evaluating the need for further regulatory actions.
According to Sarepta Therapeutics, Inc. (NASDAQ:SRPT), preliminary financial results of its second quarter performance saw Elevidys raking in $282 million in revenues.
4. QuantumScape Corporation (NYSE:QS)
QuantumScape extended its winning streak to an eighth consecutive day to hit a new all-time high as investors continued to gobble up shares ahead of its looming second-quarter earnings performance.
At intra-day trading on Thursday, QuantumScape Corporation (NYSE:QS) rallied to a new 52-week high of $13.79 before paring gains to end the day just up by 19.82 percent at $13.6 apiece.
QuantumScape Corporation (NYSE:QS) marks one of the early birds in the second quarter earnings season, having scheduled the release of its results on Wednesday, July 23, after the market close. The release will be followed by a conference call at 5 PM Eastern Time.
Earlier this year, QuantumScape Corporation (NYSE:QS) announced that it was budgeting between $45 million and $75 million in capital expenditures this year, and reiterated its adjusted EBITDA loss of $250 million to $280 million for the same period.
3. Pagaya Technologies Ltd. (NASDAQ:PGY)
Pagaya Technologies jumped by 25.37 percent on Thursday to end at $29.50 apiece following the preliminary results of its second quarter earnings performance that saw the company exceed its net income guidance.
In a statement, Pagaya Technologies Ltd. (NASDAQ:PGY) said that it was expecting to announce $17 million in net income during the second quarter of the year, or 70 percent higher than the high-end range of its $0-$10 million guidance previously.
Revenues were also expected to hit $326 million, or 5-12 percent higher than the $290 million to $310 million guidance prior.
Pagaya Technologies Ltd. (NASDAQ:PGY) said it is finalizing the results of its earnings performance, with official data set to be released on August 7, 2025.
“Our second-quarter results reflect continued strong execution across our network, with a focus on consistent and profitable growth,” said Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros.
2. Sable Offshore Corp. (NYSE:SOC)
Sable Offshore soared by 28.41 percent on Thursday to end at $28.34 apiece as investors gobbled up shares in the company following President Donald Trump’s announcement of $92 billion worth of investments in the Artificial Intelligence and energy sectors.
Sable Offshore Corp. (NYSE:SOC), an oil and gas company, is set to benefit indirectly from the investments amid the soaring demand for energy sources from power-hungry AI data centers.
Additionally, Trump pledged in December last year that the US government would fast-track permits for energy and mega projects.
Further fueling sentiment, Roth Capital in a market note claimed that Sable Offshore Corp. (NYSE:SOC) is nearing the receipt of a final affirmative ruling in relation to the restart of its Las Flores pipelines in the “very near future.”
News reports also added that the court decision allowed Sable Offshore Corp. (NYSE:SOC) to move forward with certain preparatory steps for restarting the pipelines, but prohibits the actual restart pending the receipt of a signed notice of compliance.
1. Lucid Group, Inc. (NASDAQ:LCID)
Lucid Group surged by 36.24 percent on Thursday to end at $3.12 apiece as investors took heart from a multi-million-dollar investment and partnership with Uber Technologies Inc. (NYSE:UBER).
In a statement on Thursday, Lucid Group, Inc. (NASDAQ:LCID) said that it partnered with Uber for the deployment of more than 20,000 Lucid vehicles equipped with Nuro Inc.’s “Nuro Driver” 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.
Additionally, Uber is set to shell out multi-million-dollar investments in both Lucid Group, Inc. (NASDAQ:LCID) and Nuro Inc.
Lucid Group, Inc. (NASDAQ:LCID) said the partnership combines the industry-leading software-defined vehicle architecture of the Lucid Gravity, the scalability and proven capability of the Nuro Driver Level 4 autonomy system, and Uber’s vast global network and dynamic fleet management, delivering a fully integrated robotaxi experience developed for comfort, safety, and scale.
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