A series of fresh corporate developments bolstered the performance of 10 companies on Wednesday, defying a broader market slump, as traders repositioned portfolios ahead of Nvidia Corp.’s highly anticipated earnings report, which came out after the market bell.
Wall Street’s main indices all finished in the red, with the Dow Jones down by 0.58 percent, the S&P 500 dropping by 0.56 percent, and the tech-heavy Nasdaq declining by 0.51 percent.
In this article, let us take a look at the 10 best-performing companies and explore the reasons behind their strong performance.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
10. Full Truck Alliance Co. Ltd. (NYSE:YMM)
Full Truck Alliance grew its share prices by 1.7 percent on Wednesday to close at $11.98 apiece as easing global trade tensions sparked appetite for shipping companies, supported by its optimistic business outlook for the second quarter of the year.
In recent news, Full Truck Alliance Co. Ltd. (NYSE:YMM) increased its net income by 118.1 percent to 1.278 billion yuan from only 586.4 million in the same period last year. Revenues also increased by 19 percent to 2.7 billion yuan from 2.27 billion year-on-year.
For the second quarter, Full Truck Alliance Co. Ltd. (NYSE:YMM) expects revenues to settle between 3.06 billion yuan and 3.12 billion yuan, or a year-on-year growth rate of 10.6 to 12.9 percent.
Additionally, Full Truck Alliance Co. Ltd. (NYSE:YMM) underscored its efforts in embracing artificial intelligence to boost its operations.
“Through AI-powered innovations and ecosystem collaborations, we will continue to deliver long-term returns for our shareholders,” the company said.
9. Oklo Inc. (NYSE:OKLO)
Shares of Oklo rallied for a fourth consecutive day on Wednesday, adding 2.49 percent to close at $55.24 apiece as investors cheered its partnership with a Korean company for the deployment of its advanced nuclear technology.
In a statement, Oklo Inc. (NYSE:OKLO) said it signed a memorandum of understanding with Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corporation, to explore opportunities aimed at jointly advancing the standard design development and verification of Aurora powerhouses, manufacturability and constructability assessments, major equipment planning, as well as supply chain development.
The collaboration also supports Oklo Inc.’s (NYSE:OKLO) deployment of a 75-MWe Aurora powerhouse at the Idaho National Laboratory site, which is currently undergoing a licensing process.
Additionally, Oklo Inc. (NYSE:OKLO) plans to file follow-on applications to support its growing order pipeline, which exceeds 14 GW.
8. First Majestic Silver Corp. (NYSE:AG)
First Majestic Silver rallied for a third day on Wednesday, adding 2.59 percent to close at $6.33 apiece as investor sentiment was boosted by its successful discovery of vein-hosted gold and silver mineralization sites at its Santa Elena mining property in Mexico.
In a statement on Wednesday, First Majestic Silver Corp. (NYSE:AG) said it discovered a new gold-silver deposit one kilometer away from the Santa Elena mining property in Sonora, Mexico, and also increased production of the Navidad deposit following successful drilling operations.
With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.
“The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,” said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer.
7. Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining saw its share prices rise by 4.33 percent on Wednesday to finish at $8.43 apiece following the launch of a $75-million share buyback, effective through May 31, 2026.
In a statement, Coeur Mining, Inc. (NYSE:CDE) President and Chief Executive Officer Mitchell Krebs said that the initiative was aimed at boosting shareholder value.
Coeur Mining, Inc. (NYSE:CDE) said repurchases under the program may be carried out from time to time through opportunistic open-market purchases or by other means in amounts and at prices that the company deems appropriate.
In recent news, 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. Revenues jumped by 69 percent to $360.1 million from $213.1 million year-on-year.
For the 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.
6. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Warner Bros grew by 4.92 percent on Wednesday to close at $10.02 apiece as investor sentiment was buoyed by news that CNN’s chief operating officer, David Leavy, will return to the entertainment media giant.
According to a letter to CNN employees, Leavy, a long time key executive of Warner Bros. Discovery, Inc. (NASDAQ:WBD), is set to leave his current chief operating officer role at CNN.
He was praised for his “brilliant job stabilizing the company (CNN) at a difficult moment.”
“During the transition, he led CNN jointly with Amy Entelis, Virginia Moseley and Eric Sherling and played a central part helping me into my role as chairman and CEO before, as COO, leading multiple organizations and teams across revenue, promotion, operations and data,” CNN Chairman and CEO Mark Thompson said.
For his part, Leavy said that his moving over to CNN was originally just a six-month plan that turned into a multi-year drive to help the company pivot, transform, and reposition itself. His return to Warner Bros. Discovery, Inc. (NASDAQ:WBD) was a vote of confidence in his effectiveness in transforming the news giant.
5. QuantumScape Corporation (NYSE:QS)
Quantumscape saw its share prices grow by 8.48 percent on Wednesday to finish at $4.3285 apiece as investor sentiment was fueled by expectations that electric vehicle sales are expected to grow this year amid the looming end of tax credits.
According to a study by Princeton University, President Donald Trump’s “One Big Beautiful Bill Act,” which includes a salient point seeking to end EV tax credits by the end of the year, would likely boost EV sales prior to the end date.
This, in turn, could support sales of QuantumScape Corporation (NYSE:QS), one of the leading EV battery manufacturers in the US.
However, the study said that without EV tax credits, EV sales would decline by 40 percent and planned battery cell manufacturing would result in large overcapacity in the long term, with US production capacity expected to hit 400 GWh per year, well in excess of demand.
4. Unity Software Inc. (NYSE:U)
Unity Software increased by 12.52 percent on Wednesday to close at $24.54 apiece despite the lack of fresh catalyst to spark buying appetite.
In recent news, Unity Software Inc. (NYSE:U) announced that it narrowed its net loss by 73 percent in the first quarter of the year to $77.9 million from the $291.5 million registered in the same period last year, while revenues declined by 5.4 percent to $435 million from $460 million year-on-year on the back of lower revenues from its core businesses.
For the second quarter of the year, Unity Software Inc. (NYSE:U) said that it is targeting to hit revenues between $415 million and $425 million, as well as adjusted EBITDA of $70 million to $75 million.
Last month, Unity Software Inc. (NYSE:U) launched its AI-powered platform called Vector, as it aims to keep pace with AppLovin Corp.
“Vector is designed to leverage data from across the Unity ecosystem, integrating self-learning artificial intelligence models that will provide deeper insights, optimize performance, and deliver better results for customers,” said Unity President and CEO Matt Bromberg in the company’s last earnings call.
3. Abercrombie & Fitch Co. (NYSE:ANF)
Abercrombie grew its share prices by 14.67 percent on Wednesday to finish at $88.47 apiece as investor sentiment was boosted by higher net sales in the first quarter of the year despite a challenging market environment.
In a statement, Abercrombie & Fitch Co. (NYSE:ANF) said net sales grew by 7.5 percent to $1.097 billion from the $1.020 billion registered in the same period last year, with the Hollister brand achieving a 22-percent growth during the period. Net sales from Abercrombie, on the other hand, dipped by 4 percent year-on-year.
Attributable net income, however, dropped by 29 percent to $80.4 million from the $113.8 million recorded in the same period a year earlier.
Despite the decline, Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz said the net income figure exceeded its earlier expectations.
For the full year, Abercrombie & Fitch Co. (NYSE:ANF) now expects net sales to grow between 3 and 6 percent, slightly higher than the high-end range of 5 percent as previously expected.
The company also aims to grow its net sales between 3 and 5 percent for the second quarter alone.
2. Box, Inc. (NYSE:BOX)
Box Inc. jumped by 17.23 percent on Wednesday to finish at $36.86 apiece following bullish outlooks from both the company and market experts.
In a statement, Box, Inc. (NYSE:BOX) said it expects to grow its revenues by 8 percent in the second quarter of fiscal year 2026, as well as by 7 percent in the full fiscal year period. Revenues for the second quarter are expected to be in the range of $290 million to $291 million, while revenues for the full year are expected to settle at $1.165 billion to $1.170 billion.
In the past quarter of the year, Box, Inc. (NYSE:BOX) dropped its net income by 52 percent to $8.194 million from $17.2 million registered in the same period last year, but revenues increased by 4.5 percent to $276 million from $264 million year-on-year.
Following the earnings results, investment firm Raymond James raised its price target to $42 and maintained its Outperform rating for the company, saying that it was optimistic about the company’s growth prospects and capability of sustaining double-digit growth rates.
It also earned a higher price target of $24 from RBC Capital, albeit the figure was 35 percent lower than Box, Inc.’s (NYSE:BOX) closing price on Wednesday.
1. Joby Aviation, Inc. (NYSE:JOBY)
Joby Aviation soared by 28.78 percent to close at $8.86 apiece as investors gobbled up shares following news that it closed a $250-million investment from giant carmaker Toyota Motor Corporation.
According to Joby Aviation, Inc. (NYSE:JOBY), the amount represents the first tranche of the $500-million investment, aimed at supporting certification and commercial production of Joby’s electric air taxi.
“With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers,” said Joby Aviation, Inc. (NYSE:JOBY) founder and CEO JoeBen Bevirt.
For his part, Toyota North America CEO Tetsuo Ogawa said that the investment reflects the two companies’ dream “of mobility for all and our commitment to achieving a future of air mobility.”
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi, which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.
While we acknowledge the potential of JOBY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 100x upside potential, 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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