We recently released a list These 10 companies were bombed with double digits today. In this article, we will look at the location of Echostar Corporation (NASDAQ: SATS) to stand with other companies that are blown up today.

Ten individual stocks soared in double-digit numbers on Wednesday, underperforming the Wall Street Index, which continued to boost investor confidence.

By comparison, Wall Street's index mixed together, Nasdaq High-Tech's index rose 0.72%, followed by the S&P 500, up 0.10%. Dow Jones Jones fell 0.21%.

In this article, we list 10 of the best performing stocks on Wednesday and detail the reasons behind their earnings.

To put this list, we only considered stocks with a market cap of $20 billion and a trading volume of $5 million.

Telecom engineer behind the control board of COMMS facilities.

Echostar Corporation rose 15.19% on Wednesday to $22.78 per person as investors cheered the company's quick action to resolve the Federal Communications Commission's (FCC) inquiries to review its federal 5G obligations.

Charles Ergen, chairman of Echostar Corporation (NASDAQ: SATS), responded to the inquiry, highlighting his history of partnership with the FCC and its important investment in deploying 5G open radio access networks across the United States.

Echostar Corporation (NASDAQ: SATS) also highlighted its efforts that have led to the creation of more U.S. jobs and competitive wireless market alternatives.

In the first quarter of this year, the company expanded its net loss by 887% to $202.7 million from $107.4 million a year ago.

Revenue also fell 3.6% from $4.014 billion year-on-year to $3.869 billion.

Overall, sitting Ranked sixth On our list of companies that have been blown up in double digits today. Although we acknowledge the potential of SAT 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 SAT but have less than 5 times its earnings, check out our report Cheapest AI stocks.

Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.

Disclosure: None. This article was originally published in Internal monkey.