Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite.
Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent.
In this article, we have listed last week’s top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior.
To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume.
A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels
10. Tesla Inc. (NASDAQ:TSLA)
Shares of Tesla Inc. jumped by 18.05 percent week-on-week, finishing Friday’s trading at $284.95 versus the $241.37 close on April 17 as investors snapped up shares following Elon Musk’s announcement that he would devote more time to the company beginning next month.
This came after TSLA saw net income attributable to shareholders nosedive by 71 percent during the first three months of the year to only $409 million from $1.39 billion in the same period a year earlier, as revenues dropped by 9 percent to $19.3 billion from $21.3 billion year-on-year.
Speaking to shareholders during the company’s earnings release, Musk said that he will be “allocating far more of … time to Tesla” beginning May.
Additionally, investors cheered the Department of Transportation’s relaxation of rules on self-driving vehicles through a new framework that aims to cut red tape and move toward a single national standard for self-driving vehicles.
The new rules spelled good news for Tesla Inc. (NASDAQ:TSLA), which has set its sights on the development of robotaxis.
9. Vertiv Holdings Co. (NYSE:VRT)
Vertiv Holdings grew its share prices by 18.77 percent week-on-week to close at $86.95 on Friday versus the $73.21 finish on April 17, as investor sentiment was boosted by its strong earnings performance in the first quarter of the year.
In its latest earnings release, Vertiv Holdings Co. (NYSE:VRT) said it swung to a net income of $164.5 million from a $5.9 million net loss in the same period a year earlier, as net sales increased by 24 percent to $2.036 billion from $1.639 billion year-on-year.
Further contributing to the positive sentiment was the company’s bullish outlook, with a target of growing double digits for the second quarter and full year 2025.
According to the company, it expects net sales for the second quarter to increase between 19 and 23 percent to $2.325 billion to $2.375 billion. It also targets net sales for the whole year to jump organically by 16.5 to 19.5 percent to a range of $9.3 billion to $9.57 billion.
8. Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies rallied by 20.26 percent week-on-week to close at $112.78 on Friday versus the $93.78 registered on April 17 as investors cheered its partnership with Google to enhance the delivery of services to US government agencies.
In a statement earlier in the week, Leigh Palmer, vice president for technology, delivery, and operations at Google’s public sector, said that the company partnered with Palantir Technologies Inc. (NASDAQ:PLTR) to integrate its Google Cloud in the latter’s FedStart initiative.
The collaboration ultimately aims to beef up government services while upholding the highest security and compliance standards.
Google’s generative artificial intelligence startup, Anthropic, will be the first software company to use the new capability. Its Claude for Enterprise application will be available to federal government agencies through Palantir Technologies Inc. (NASDAQ:PLTR) FedStart on Google Cloud.
“By partnering with industry leaders to bring cutting-edge technologies to the US government, Google can accelerate public sector mission impact and outcomes,” Palmer said.
7. SoundHound AI Inc. (NASDAQ:SOUN)
SoundHound AI jumped by 21.7 percent week-on-week to close Friday’s trading at $9.52 apiece versus the $7.82 finish on April 17 as investors cheered news that it partnered with Tencent Intelligent Mobility to enhance the latter’s cloud-based solutions for the automotive industry.
In a statement, SoundHound AI Inc. (NASDAQ:SOUN) said that Tencent is working on integrating SoundHound Chat AI Automotive to give drivers and passengers access to a range of applications, car controls, and entertainment domains just through natural speech.
SoundHound AI Inc.’s (NASDAQ:SOUN) conversational voice intelligence is capable of handling complex conversational questions and intelligently filtering responses to ensure users get relevant and useful responses.
“The collaboration will enable Tencent Intelligent Mobility to deliver dynamic, localized user experiences to automotive players across geographies that are looking to provide end users with seamless hands-free access to a range of in-vehicle applications,” it said.
6. Reddit Inc. (NYSE:RDDT)
Reddit Inc. saw its share prices jump by 22.8 percent week-on-week to end at $118.10 on Friday versus the $96.16 registered on April 17 following news that it expanded its “Reddit Answers” interface into eight countries.
According to Reddit Inc. (NYSE:RDDT), Reddit Answers is now available in Australia, Canada, India, Malaysia, Pakistan, the Philippines, Singapore, and the United Kingdom.
Reddit Answers is an Artificial Intelligence-powered interface that lets users ask questions and receive answers in a conversational manner. The new platform is accessible on its website, on Android, and on iOS.
Unlike generic AI chatbots such as ChatGPT and Gemini, Reddit Answers leverages data within the Reddit site.
Reddit Answers debuted in the US in December 2024 in a bid to improve the search experience by making it faster, smarter, and more relevant. So far, the interface platform only supports the English language.
Meanwhile, Reddit Inc. (NYSE:RDDT) is scheduled to release the results of its operational and financial highlights after market close on Thursday, May 1, 2025.
5. Core Scientific Inc. (NASDAQ:CORZ)
Core Scientific jumped by 25.3 percent week-on-week to finish Friday’s trading at $8.31 versus the $6.63 registered on April 17 as investors snapped up shares ahead of the release of its first quarter earnings performance on Wednesday, May 7, 2025.
Core Scientific Inc. (NASDAQ:CORZ) registered four straight days of gains during the week, reflecting investor confidence helped by news of higher Bitcoin production last month.
According to the company, it was able to self-mine 247 Bitcoins as of end-March, marking a 15-percent increase from only 215 Bitcoins in February.
In other news, Core Scientific Inc. (NASDAQ:CORZ) announced plans to expand its existing footprint in Dalton, Georgia, with an additional 170 acres of land set for development.
The company said it was looking to build an AI data center called Dalton 4 in the area, close to its existing facilities, which it expects to open by July 2026.
According to reports, another facility is expected to be built in the future.
4. Tempus AI Inc. (NASDAQ:TEM)
Telehealth company Tempus AI saw its share prices surge by 30.78 percent week-on-week to finish at $52.90 on Friday versus the $40.45 registered on April 17 as investors repositioned portfolios ahead of its upcoming earnings release while cheering its newly inked partnership with AstraZeneca and Pathos AI.
According to the company, it is scheduled to release the results of its first quarter operational and financial highlights on Tuesday, May 6, 2025.
In other news, Tempus AI Inc. (NASDAQ:TEM) clinched a new $200-million deal with AstraZeneca and Pathos AI for the development of a multimodal foundation model in oncology. The total amount includes data licensing and model development fees.
The model, which will utilize TEM’s de-identified oncology data, will be used to gather biological and clinical insights, discover novel drug targets, and develop therapeutics for the broader oncology community.
Upon completion, the model will be shared among all three parties to advance their individual efforts to improve patient care.
“Generative AI and the emergence of large multimodal models is the final catalyst needed to usher in precision medicine in oncology at scale,” said TEM CEO Eric Lefkofsky.
“Tempus has spent the last decade investing billions of dollars into collecting the necessary data needed for a foundation model of this kind to take shape. We look forward to working with AstraZeneca and Pathos to apply AI-enabled solutions to advance therapies in an effort to help patients live longer and healthier lives,” he added.
3. Lufax Holding Ltd. (NYSE:LU)
Lufax Holding grew its share prices by 32 percent week-on-week to end Friday’s trading at $3.12 versus the $2.36 close on April 17 as investors cheered the company’s leadership reshuffling amid an ongoing investigation into certain transactions between 2022 and 2024.
In a regulatory filing on the Hong Kong Stock Exchange, Lufax Holding Ltd. (NYSE:LU) announced the immediate resignation of Yong Suk Cho as the company’s board chairman. He was replaced by Dicky Peter Yip, who previously served as independent non-executive director for the company.
Cho, however, will continue to serve as LU’s chief executive officer and executive director.
Meanwhile, Yip, 78, has served as an independent non-executive director of Sun Hung Kai Properties Limited since September 2004. He also joined HSBC in 1965 and subsequently served as the chief executive of the China business from January 2003 to May 2005, a general manager of HSBC from April 2005 to June 2012, and an executive vice president of Bank of Communications Co., Ltd., among others.
2. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies surged by 38.19 percent week-on-week to end at $10.53 apiece on Friday versus the $7.62 close on April 17 following news that it was offered as much as $200 million in credit facility to finance its expansion plans.
Earlier this week, Bitdeer Technologies Group (NASDAQ:BTDR) said that it entered into a loan agreement with Matrixport, a company also owned by its chairman, Jihan Wu, for a $200-million credit facility to finance its Bitcoin ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months.
As of April 2021, Bitdeer Technologies Group (NASDAQ:BTDR) said it was already able to draw as much as $43 million from the credit line.
In other news, BTDR recently acquired a 101-megawatt data center in Alberta, Canada, for $21.7 million.
Last month, BTDR said it was able to mine 114 Bitcoins at a hash rate of 24.2 EH/s. It also completed mass production of 3.8 EH/s for its SEALMINER A1 mining rig, launched the SEALMINER A2 Pro series Bitcoin mining rigs, and obtained regulatory approval for Phases 1 and 2 of its Tydal, Norway site.
“We expect to energize more than 600 MW of power capacity over the next few months, including our Bhutan site,” the company said.
1. Pony AI Inc. (NASDAQ:PONY)
Pony AI saw its share prices soar by 56.47 percent week-on-week to close at $7.01 on Friday versus the $4.48 close on April 17, following news that it will develop an autonomous driving technology and offer robotaxi services soon.
In an interview with CNBC on Friday, Pony AI Inc. (NASDAQ:PONY) CEO James Peng said that the company is in talks with Tencent Cloud “for quite some time” to offer robotaxi services on the latter’s WeChat and other applications.
Peng said that both companies will benefit from the latter’s huge user base and cloud offerings.
Commenting on the partnership, Tencent Group Vice President Zhong Xiangping, in a statement, said: “This strategic partnership between the two parties is not only about complementing each other’s technologies and resources but also marks a new starting point for collaborative innovation.”
“Pony.ai possesses industry-leading autonomous driving technology accumulations, while Tencent excels in cloud services, mapping, and cockpit ecosystem technologies,” he said.
While we acknowledge the potential of PONY 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 PONY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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