Why These 10 Firms Soared on Monday

7. Maplebear Inc. (NASDAQ:CART)

Maplebear Inc., operator of Instacart,  grew its share prices by 4.14 percent on Monday to end at $47.09 apiece as investors cheered the company’s strong order volume in the first quarter of the year and optimism over its artificial intelligence adoption efforts.

Despite reporting disappointing profits in the first quarter of the year, investors cheered strong orders growth, jumping 14 percent to $83.2 million from $72.8 million year-on-year.

The figure helped propel the company’s revenues by 9.4 percent to $897 million from $820 million year-on-year, but failed to push its net income, which ended 18.5 percent lower at $106 million versus the $130 million registered in the same period last year.

Looking ahead, Maplebear Inc. (NASDAQ:CART) said that its customers will see an AI-driven Instacart as the company continues to embrace the technology.

“Smart Shop, our new AI-powered personalization foundation, is another step in this direction. By combining proprietary shopping data, advanced machine learning, and LLM reasoning, we’re making shopping faster, easier, and more personal than ever,” it said.