We recently released a list 10 Surprising Stocks Soaring Today. In this article, we will explore Coinbase Global, Inc. (NASDAQ:COIN) position, with the best performances on other Fridays.
Stocks completed a trading week on Green Territory as investors surpassed a mix of corporate earnings performance and inflation concerns amid loose trade tensions between the United States and China.
Dow Jones climbed 0.78%, while the S&P 500 and Technological Heavy Nasdaq Island rose 0.70% and 0.52% respectively.
In addition to the main indexes, 10 companies (pre-made Bitcoin miners and quantum computing companies) have recovered good results as fresh company development boosts investor interest.
In this article, we named the 10 performers on Friday and detailed the reasons behind their gains.
To put this list, we only considered stocks with a market cap of $2 billion and trading volume of $5 million.
The shooting was the one who safely accepted crypto assets as payments, demonstrating the company's payment solutions.
Coinbase Global rebounded on Friday, jumping 9.01% to close at $266.46 as investor funds flew back to its stock before it was officially included in the S&P 500.
By May 19, Coinbase Global, Inc. (NASDAQ:COIN) will replace Discover Financial Services, which ends its 12-year term after a planned merger with similar S&P 500 index.
Friday's deal also showed investors have already priced in the company's recent customer data hacking incident that required Coinbase Global, Inc. (NASDAQ: COIN) Pay approximately $20 million in ransom and could cost the company $180 million to $400 million to resolve the problem and repay customers.
In the first quarter of this year, Coinbase Global, Inc. (NASDAQ: COIN) said net income is estimated at 94% to $66 million from $1.176 billion a year ago.
However, net income increased by 23.4% to $1.96 billion from a year-on-year increase of $1.588 billion.
Overall, coins Ranked 9 On our list of the best performers on Friday. Although we acknowledge the potential of coins as an investment, our belief is that AI stocks have higher returns in a shorter time frame and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than coins, but whose earnings are trading at less than 5 times the price, check out our report The cheapest AI stock.