Wall Street’s main indices finished in the green territory on Thursday, as investors cheered President Donald Trump’s reciprocal tariffs–but not right away.
The Dow Jones rose 0.77 percent, the S&P 500 increased 1.04 percent, while Nasdaq jumped 1.50 percent.
Ten companies mirrored a broader market optimism, clocking in double-digit gains. In this article, we will explore the reasons behind their impressive performance.
To come up with Thursday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Stock market charts. Photo by Kaboompics.com on Pexels
10. Tempus AI Inc. (NASDAQ:TEM)
Shares of Tempus AI rose by 13.36 percent on Thursday to close at $83.75 apiece as investors cheered the company’s partnership with the nonprofit organization Institute for Follicular Lymphoma Innovation (IFLI).
In a statement, TEM said the partnership aims to develop targeted therapies for the disease through developing a real-world multimodal, deidentified FL data library in its data analytics platform, through which researchers may derive AI-driven insights to accelerate the development of FL treatments in an effort to improve patient outcomes.
TEM said the two parties will focus on prospectively generating multimodal FL data, particularly for POD24 patients who experience disease progression within 24 months of treatment.
Data from the National Cancer Institute as of 2024 showed that FL is most frequently diagnosed among people aged 65 to 74 and that the survival rate is at 89.9 percent.
9. Lucid Group Inc. (NASDAQ:LCID)
Lucid Group saw its share prices grow by 13.59 percent on Thursday to end at $3.26 apiece as investor sentiment was fueled by news of Emad Dlala’s promotion to Senior Vice President of Powertrain, whose role in the company has been instrumental in the development and advancement of Lucid’s powertrain technology.
Dlala has been with Lucid in various technical roles since 2015 where he led efforts to develop breakthrough technologies that achieved unmatched range and performance in the Lucid Air and leading technologies in the Lucid Gravity.
Dlala will continue to be responsible for powertrain development and powertrain engineering, including drive units, power electronics, and batteries as well as Lucid’s efficiency and charging strategy. He previously served as Vice President of Powertrain.
8. Robinhood Markets Inc. (NASDAQ:HOOD)
Robinhood Markets jumped for a second day on Thursday, adding 14.11 percent to hit a new all-time high of $63.8 apiece as investors snapped up shares in the company following a nearly 3,000-percent surge in its net income in the fourth quarter of the year, thanks to the booming cryptocurrency industry.
In a statement, HOOD said net profit in the fourth quarter soared by 2,953 percent to $916 million from only $30 million registered in the same period last year, as net revenues jumped by 115 percent to $1.01 billion from $471 million, driven by a 700-percent jump in cryptocurrency revenues at $358 million.
For the full year 2024, the company swung to a net income of $1.4 billion, reversing a net loss of $541 million in 2023. Net revenues increased by 58 percent to $2.95 billion from $1.86 billion in 2023.
“We hit the gas on product development in 2024 with a new platform for active traders, Gold Card launch, an expanded UK and EU product suite, and much more,” HOOD CEO Vlad Tenev said. “We see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood.”
7. MGM Resorts International (NYSE:MGM)
MGM Resorts extended its winning streak for a second day, ending Thursday’s trading up by 17.46 percent to end at $40.37 apiece.
Despite disappointing net income in the fourth quarter and full year of 2024, analysts pointed to earnings beat estimates as having fueled investor sentiment.
In a statement, MGM Resorts said net income in the fourth quarter of the year dropped by 37 percent to $237.9 million from the $379.6 million registered in the same period a year earlier, while net income for the full year declined by 18 percent to $1.06 billion from $1.3 billion in 2023.
Revenues for the quarter, however, were flat at $4.3 billion, but revenues rose by 6 percent to $17.2 billion from $16.16 billion year-on-year.
Earnings per share during the quarter stood at $0.45, beating analyst estimates of $0.34.
6. Crocs Inc. (NASDAQ:CROX)
Crocs saw its share prices jump by 23.89 percent on Thursday to end at $110.05 apiece as investors cheered its impressive earnings performance last year.
In a statement, CROX said net income jumped 25 percent to $368.9 million from $253.6 million in the fourth quarter of the year, while net profit last year increased 20 percent to $950 million from $792 million in 2023.
Revenues for the quarter inched up by 3 percent to $989.7 million from $960 million year-on-year, while revenues for the full year rose 3.5 percent to $4.1 billion from $3.96 billion year-on-year.
For full-year 2025, CROX CEO Andrew Rees said the company expects to book another year of revenue growth, ranging between 2 to 2.5 percent.
It also set capital expenditures between $80 million to $100 million this year.
5. AppLovin Corporation (NASDAQ:APP)
AppLovin’s share prices jumped by 24 percent on Thursday to close at $471.67 apiece as investors gobbled up shares in the company following a remarkable earnings performance last year.
In a statement, APP said net income in the fourth quarter of the year expanded by 248 percent to $599 million from the $172 million registered in the same period last year, as revenues grew 44 percent to $1.37 billion from $953 million year-on-year.
In full-year 2024, net income soared 343 percent to $1.58 billion from $356 million year-on-year.
APP also expects revenues for the first quarter of the year to remain within the $1-billion level, and settle anywhere between $1.355 billion to $1.385 billion.
4. Sable Offshore Corp. (NYSE:SOC)
Sable Offshore surged by 25.17 percent on Thursday to close at $30.63 per share following news that it can now proceed with repair works for the Las Flores oil facility which was ordered shut in 2015 following an oil spill from a ruptured pipeline that released 450,000 gallons of oil near Refugio State Beach.
According to the company, it officially received a letter from the Santa Barbara County Planning and Development Department in California that allowed the company to conduct repair works as authorized by existing permits.
The letter also underscored that no further applications or actions are required for the repair work to proceed.
SOC is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.
3. Hims & Hers Health Inc. (NYSE:HIMS)
Hims & Hers grew its valuation by 27.71 percent on Thursday to finish at $59.18 each following a 650-percent spike in its website traffic, thanks to its Super Bowl advertisement called “Sick of the System.”
According to FOX Sports, the ad which was aired in the third quarter of Sunday’s Super Bowl LIX game, was so far the most-watched advertisement with 127.7 million views.
The ad featured a montage of junk food, abdominal fat, as well as statistics about the health risks of obesity and big pharmaceutical firms’ hefty prices. HIMS’ ad then promoted its weight loss products, including compounded GLP-1 medications, as alternatives to the pricey Ozempic and Wegovy brands.
“Junk food giants, diet industry’s quick fixes, Big Pharma’s price-gouging, and regulations that favor special interests have created a system that leaves us with limited options, skyrocketing costs, and a cycle of failure,” HIMS said in its ad.
2. Dutch Bros Inc. (NYSE:BROS)
Dutch Bros saw its share prices surge by 29.10 percent on Thursday to close at $83.54 each after reporting a stellar earnings performance last year.
In a statement, BROS said it swung to a net income of $6.37 million in the fourth quarter of 2024, reversing a net loss of $3.77 million in the same period a year earlier. This pushed net income for the full year to expand by 571 percent to $66 million from $9.9 million in 2023.
Revenues for the quarter increased by 35 percent to $343 million from $254 million, while revenues for the full year jumped 32 percent to $1.28 billion from $965 million year-on-year.
For this year, BROS expects revenues to grow even higher to settle between $1.55 billion to $1.57 billion. Capital expenditures are estimated to be between $240 million to $260 million.
1. Aurora Innovation Inc. (NASDAQ:AUR)
Investors gobbled up shares in Aurora Innovation on Thursday, sending the company’s stock price soaring by 46.05 percent to finish at $9.42 apiece, over excitement about its looming launch of driverless trucks.
This year, the company said it would officially deploy its first driverless trucks on public roads, “ushering in a future of safer, more efficient freight transportation and immense value creation.”
“We are on the cusp of our planned Commercial Launch, a pivotal step toward realizing our mission to deliver the benefits of self-driving technology safely, quickly, and broadly,” said Aurora CEO and co-founder Chris Urmson.
In a presentation posted on its website, Aurora said it narrowed its net loss last year by 6 percent to $748 million from the $796 million registered in 2023, as loss from operations decreased by 5.9 percent to $786 million from $835 million.
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READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.
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