Wall Street finished mixed on Friday, with technology stocks staging a rebound after falling to their worst day in 19 months, as investors turned to bargain hunting to take advantage of their cheap valuation. Only the Nasdaq and the S&P 500 finished in the green, up 1.09 percent and 0.31 percent, respectively, while the Dow Jones declined 0.46 percent.
Meanwhile, we identified the 10 top-performing stocks, surging between 18 and 42 percent during the session.
To compile the list, we considered stocks with more than $1 billion in market capitalization and over 5 million shares traded.
Photo by Tima Miroshnichenko on Pexels
10. Ondas Inc. (NASDAQ:ONDS)
Ondas Inc. (NASDAQ:ONDS) climbed 18.03 percent on Friday to close at $5.34 apiece as investors began positioning portfolios ahead of business updates from two key events next week, while cheering expansion plans over the next two years.
The company is set to announce the results of its earnings performance for the third quarter of the year before market open on Thursday, November 12, and participate in a drone security industry and SLTT grant forum on Monday, November 9, where investors will be expecting business updates and cues about the remainder of the year—with particular attention to whether management maintains or upgrades its previous growth guidance.
In its last earnings call, Ondas Inc. raised its revenue growth outlook to a range of $525 million to $550 million, or a tenfold increase from the same period last year, including revenues from its recently completed acquisition of Cyberhawk.
On a pro-forma organic basis, the midpoint of the said range would mark a 30 percent growth year-on-year.
In other news, Ondas Inc. announced plans to expand production of ULTRA—its long-endurance intelligence, surveillance and reconnaissance (ISR) aircraft, targeting 10 aircraft per month through 2028.
In line with the plan, the company entered into a definitive agreement for the entire acquisition of Stemme GmbH—ULTRA’s airframe manufacturer—in an all-cash transaction.
9. Rigetti Computing Inc. (NASDAQ:RGTI)
Rigetti Computing soared by 19.29 percent on Friday to finish at $11.75 apiece, as investors grew interested in its stock ahead of the results of its earnings performance for the third quarter of the year.
Based on its calendar, Rigetti Computing Inc. (NASDAQ:RGTI) is scheduled to report its financial and operating highlights after market close on Tuesday, November 10. A conference call will be held to elaborate on the results.
Earnings aside, investors are expected to seek updates on its research and development initiatives to support the acceleration of superconducting quantum computing.
It can be recalled that Rigetti Computing Inc., pursuant to the US government’s CHIPS Act, successfully bagged a $100 million in funding from the US Department of Commerce in September this year, which will pursue three research and development projects that aim to address major technical bottlenecks in scaling superconducting quantum computing and accelerate the its roadmap towards utility-scale quantum computing.
Under the agreement, the Commerce Department will receive a minority, non-controlling equity stake in Rigetti Computing Inc. as a condition for receiving the funds, saying the move was “to enhance the return for the US taxpayer.”
8. Infleqtion Inc. (NYSE:INFQ)
Infleqtion Inc. (NYSE:INFQ) climbed by 19.49 percent on Friday to close at $8.89 apiece, mirroring the rally in technology stocks and its quantum computing counterparts, thanks to a combination of bargain-hunting from the previous day’s downfall, alongside earnings prospects for the industry.
The stock rallied alongside its quantum computing counterparts, namely Rigetti Computing, Quantinuum, D-Wave, and Quantum Computing Inc., among others, with sentiment helped by IonQ Inc.’s strong earnings performance in the third quarter of the year and higher revenue growth guidance for the full-year period.
In its earnings release, IonQ said that it swung to a net income of $563 million from a $1.05 billion net loss in the same period last year, while revenues soared by 336 percent to $173.8 million from $39.87 million year-on-year.
The results sparked a higher revenue growth guidance for full-year 2026 to a range of $505 million and $515 million, or an implied 110 percent jump in quantum computing year-on-year.
The results propelled buying in quantum computing stocks on expectations of a similar growth trajectory for the period.
Meanwhile, Infleqtion Inc. is scheduled to report its own earnings performance on November 16 after market close.
7. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. (NASDAQ:IREN) rebounded on Friday, climbing 20.02 percent to close at $21.64 apiece, following strong earnings that saw net losses slashed markedly, signaling that growing revenues from its AI business is beginning to translate into financial gains, helping justify its heavy investments in the platform.
In an updated report, the Bitcoin mining and AI servicing firm said that its net loss narrowed by 61.5 percent to $263 million in the first quarter of fiscal year 2027 from $684 million in the quarter prior. In contrast, the figure was a swing from a $384.6 million net income year-on-year.
On a sequential basis, total revenues increased by 66 percent to $228 million from $137 million, although the figure represented a year-on-year dip of 5 percent from $240.3 million amid its shift to AI cloud servicing from Bitcoin mining.
Of the total revenues, AI Cloud revenues accounted for $200 million, while Bitcoin mining represented $28 million.
Last year, Bitcoin mining was the company’s highest revenue-generating business, accounting for $232.9 million, while AI Cloud represented only $7.3 million of the total.
IREN Ltd. is continuing with its data center expansion program, the most recent of which is a planned AI data center in Badajoz, Extremadura, Spain.
The project is targeted to deliver approximately 300MW of capacity, with initial operations targeted for 2028.
6. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines bounced back from a two-day loss on Friday, as investors hunted for bargains following the wider market’s sharp drop, while positioning portfolios ahead of the results of its earnings performance.
The company is scheduled to release the results of its earnings performance for the third quarter of the year before market open on Thursday, November 12, when investors are likewise expected to seek cues about its outlook for the remainder of the year, alongside updates on its business.
In its last earnings call in August, Intuitive Machines Inc. (NASDAQ:LUNR) indicated a strong business performance, amid a record backlog of $1.8 billion.
For full-year 2026, the company is targeting revenues between $900 million and $1 billion and a positive adjusted EBITDA—a reaffirmation of its previous guidance.
In other news, Intuitive Machines Inc. was recently tapped by the National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) to provide the spacecraft platform and system-level integration for FALCON-RADAR, an Earth observation mission that will study clouds and convection from space.
FALCON-RADAR, which is part of the Fleet for the Atmospheric Linking Commercial Observations with NASA, will fly on the IM 300 spacecraft bus and is targeted for launch no earlier than 2029. The mission consists of a single polar-orbiting, sun-synchronous satellite carrying a W-Band Cloud Profiling Doppler Radar instrument designed to observe shallow light precipitation and small-scale cloud dynamics.
5. Oklo Inc. (NYSE:OKLO)
Oklo Inc. (NYSE:OKLO) saw its share prices increase by 22.66 percent on Friday to finish at $23.55 apiece, as investors resorted to bargain-hunting following seven days of decline, while cheering its third-quarter earnings that beat Wall Street expectations.
In an updated report, the nuclear reactor company reported a loss of $0.22 per share, beating the consensus estimate of a $0.27 loss per share.
Revenues ended at $1.86 million, markedly surpassing analyst expectations of $1.01 million to $1.03 million.
Net loss, however, widened by 40 percent to $41.7 million from $29.7 million, while revenues stood at $1.86 million versus none in the same period last year.
On a nine-month basis, net loss increased by 92 percent to $123.3 million from $64.2 million year-on-year, while revenues ended at $3.07 million, versus none in the same period last year.
In other news, Oklo Inc. on Thursday clinched a new manufacturing agreement with US Forged Rings to support the long-term deployment of Oklo’s Aurora powerhouses through access to planned domestic manufacturing capacity for large reactor components.
The agreement aims to help Oklo Inc. address a potential manufacturing bottleneck for future deployments by reserving planned domestic capacity for large components within the Aurora reactor module system.
Under the agreement, the listed firm will reserve manufacturing capacity at USFR’s planned industrial campus in Hertford County, North Carolina, for components supporting future Aurora powerhouse deployments, with initial finished component deliveries beginning in 2030. The arrangement is intended to support capacity through 2035 and includes options to expand that capacity.
4. IonQ Inc. (NYSE:IONQ)
IonQ rebounded by 23.42 percent on Friday to close at $32.62 apiece, as investors took heart from its stellar earnings performance and higher revenue growth outlook for full-year 2026, thanks to strong backlog.
In an updated report, the quantum computing stock said that it swung to a net income of $563 million from a $1.055 billion net loss in the same period last year. Revenues surged by 335.9 percent to $173.8 million from $39.87 million year-on-year.
The third quarter marked IonQ Inc.’s (NYSE:IONQ) sixth consecutive quarter of record results, and its strongest by far in history, thanks to the increasing demand for its quantum technologies and the benefits of its vertically integrated quantum manufacturing capabilities through SkyWater.
“Recent developments have provided meaningful validation of our technology and commercial strategy. We are deeply proud that IonQ is the only trapped-ion company to advance to DARPA Stage C. This final stage of DARPA’s Quantum Benchmarking Initiative includes a potential program value of up to $300 million,” IonQ Inc. Chairman and CEO Niccolo de Masi said.
Encouraged by the results, the company raised its full-year revenue guidance to a range of $505 million to $515 million.
Quantum computing revenues alone are projected to soar by 110 percent year-on-year.
3. JFrog Ltd. (NASDAQ:FROG)
JFrog Ltd. (NASDAQ:FROG) saw its share price rise by 35.33 percent on Friday to end at $100.98 apiece, as investors took heart from its solid earnings performance in the third quarter of the year, thanks to the strengthening demand for cybersecurity services.
The company said in an earnings call on the same day that it swung to a net profit of $6.55 million from a $16.4 million net loss in the same period last year, while total subscription revenues increased by 30.7 percent to $179.17 million from $136.9 million year-on-year, as more businesses subscribe to cybersecurity services amid the increasing incidents of hacking.
Cloud revenues, which represented 57 percent of the total revenues, amounted to $101.5 million, or an increase of 60 percent year-on-year.
Meanwhile, license revenues were down to $7.57 million, slightly lower than the $8.015 million from the comparable period.
Following the results, JFrog Ltd. raised its revenue outlook for full-year 2026 to a range of $680 million to $682 million, or an implied growth of 28 percent from $531.8 million year-on-year.
Non-GAAP net income per diluted share is expected at $1.14 to $1.16, assuming approximately 129 million weighted average diluted shares outstanding.
For the fourth quarter, revenues are projected at $183 million to $185 million, marking a jump of 25.9 percent to 27 percent from $145.3 million in the same period last year.
Non-GAAP net income per diluted share is projected at $0.28 to $0.30, assuming approximately 131 million weighted average diluted shares outstanding.
2. Firefly Aerospace Inc. (NASDAQ:FLY)
Firefly Aerospace grew its share price by 36.80 percent on Friday to end at $20.76 apiece, after bagging a $1.3 billion deal with AST SpaceMobile for the delivery of 36 rocket engines, among others.
In a statement, Firefly Aerospace Inc. (NASDAQ:FLY) said that it signed an agreement with AST SpaceMobile for the delivery of 27 Miranda engines and nine of its vacuum-variant Vira engines for AST SpaceMobile’s first three rockets, while providing the license for the latter to manufacture the engines.
“It’s a true win-win for both companies: AST SpaceMobile gets control of its own launch schedule, and Firefly gets added funds to rapidly expand our rocket production and reinforce the supply of launch vehicles to address record demand from the industry,” Firefly Aerospace Inc. CEO Jason Kim said.
Firefly’s Miranda engine has performed over 175 hot-fire tests for more than 4,200 seconds, including a flight-like test at 110 percent performance of the 230,000 lbf thrust engine that successfully performed 20 seconds beyond the nominal flight duration of 206 seconds.
Both Miranda and Vira utilize flight-proven technology scaled from the company’s Reaver and Lightning rocket engines, which were designed, built, and tested in-house with Firefly’s patented tap-off cycle technology and vertically integrated approach.
1. Karman Holdings Inc. (NYSE:KRMN)
Karman Holdings soared by 42.13 percent on Friday to end at $45.61 apiece after reporting a 174 percent jump in third-quarter profits and earning bullish ratings from Needham and Piper Sandler.
In an updated report, the space and defense company said that it grew its net income to $21 million in the third quarter of the year from only $7.6 million in the same period last year.
Revenues increased by 65.5 percent to $201.6 million from $121.79 million year-on-year, amid the strong demand for its services, led by tactical missiles and integrated defense systems, hypersonics and strategic missile defense, as well as space and launches.
As of end-September, Karman Holdings Inc. (NYSE:KRMN) holds a total backlog of $1.7 billion.
Amid the strong results, the company is targeting full-year revenues of $755 million to $760 million and adjusted EBITDA of $225 million and $227 million.
Meanwhile, Piper Sandler reiterated its overweight rating on shares of Karman Holdings Inc., while modestly raising its price target to $60 from $59 previously. Needham maintained the stock with a buy recommendation, but lowered its price target to $50 from $80 earlier.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
