Why Upwork Inc. (UPWK) Skyrocketed On Tuesday

We recently published a list of Here’s What Fueled These 10 Firms’ Surge. In this article, we are going to take a look at where Upwork Inc. (NASDAQ:UPWK) stands against other Tuesday’s best-performing stocks.

The stock market ended the trading session in the red on Tuesday, with all major indices giving up earlier gains, as investors sold off positions while waiting for the results of the Federal Reserve’s policy decision, while digesting President Donald Trump’s new tariff policies.

Among all the major indices, the Dow Jones fell the heaviest, down 0.95 percent. The tech-heavy Nasdaq followed with a 0.87-percent decline, while the S&P 500 finished with a 0.77-percent drop.

Beyond the major indices, 10 firms stood out with strong gains amid a flurry of fresh developments, including new partnerships, optimistic outlooks, and impressive earnings performance. In this article, we name Tuesday’s 10 best-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

A close-up of a hand holding a laptop, showing the user navigating their Upwork platform dashboard.

Upwork Inc. (NASDAQ:UPWK)

Upwork Inc. saw its share prices surge by 18.02 percent on Tuesday to finish at $15.72 apiece as investor sentiment was buoyed by its strong earnings performance in the first quarter of the year.

In its latest earnings release, the world’s largest jobs marketplace more than doubled its net income to $37.7 million versus the $18.4 million in the same period last year. Earnings per share ended at $0.27 versus the $0.13 year-on-year and beating analysts’ expectations.

Meanwhile, revenues inched up by 1 percent to $166 million from $164 million in the same period a year ago.

“With positive momentum across our business and a winning strategy for AI innovation, we are confident in our path to expand market share, drive ongoing profitability, and continue to be the category leader at the intersection of talent, technology and work,” said Upwork Inc. (NASDAQ:UPWK) President and CEO Hayden Brown.

Looking ahead, the company expects full-year revenues to settle anywhere between $740 million and $760 million, and from $184 million to $189 million for the second quarter of the year.

Overall, UPWK ranks 4th on our list of Tuesday’s best-performing stocks. While we acknowledge the potential of UPWK 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 UPWK 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.

Disclosure: None. This article is originally published at Insider Monkey.