What Sent These 10 Stocks Soaring Today?

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1. Lyft, Inc. (NASDAQ:LYFT)

Lyft Inc. saw its share prices soar by 28.08 percent on Friday to end at $16.65 apiece after reporting profitability in the first three months of the year.

According to the company, 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) said it expects ridership to grow mid-teens year-on-year.

Gross bookings are also targeted to settle between $4.41 billion and $4.57 billion, or a 10 to 14 percent year-on-year growth.

“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.

While we acknowledge the potential of LYFT 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 LYFT 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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