We recently released a list These 10 stocks boosted the market this week, and that's why. In this article, we will look at Magnite, Inc. (NASDAQ:MGNI) position is in conflict with other stocks that have driven the market this week.
Stock markets were lower on the weekend as cautious investors repositioned their portfolios in high-risk negotiations between the U.S. and China on trade policies in global economies over months.
On a weekly basis, Dow Jones fell 0.16%, the S&P 500 fell 0.47%, while Nasdaq stock fell 0.27%.
Apart from the main indexes, 10 companies saw a bigger decline in the market, soaring in just one week of trading.
In this article, we named the 10 best performing companies this week, which is the main reason for the gain.
To put this list, we only considered stocks with a market cap of $20 billion and a trading volume of $5 million.
Based on the highest percentage of the closing price on May 9, these stocks were selected compared to the price a week ago or May 2.
Marketing managers research publishers’ digital inventory on laptops.
Magnite Inc. shares rose at 24.69% in just one week of trading, ending at $15.10 on Friday from $12.11 a week ago, driven primarily by its outstanding earnings performance in the first quarter.
Wednesday, Magnite, Inc. (NASDAQ: MGNI) said its net loss shrank by 46% from $17.8 million a year ago to $9.6 million. From $149.3 million year-on-year, revenue rose 4% to $155.8 million.
Despite strong data, the company has remained cautious about its business prospects due to the potential impact of ongoing market uncertainty on its business.
However, Magnite, Inc. (NASDAQ: MGNI) CEO Michael Barrett said the company is ruling on Google's alleged monopoly on publisher advertising servers and advertising exchanges, and illegally linking its advertising servers to advertising exchanges.
"This ruling and its consequent remedies have the potential to fundamentally change the open internet and create a higher competitive environment, which could significantly increase our monetization opportunities and market share, which could increase immediately next year," Barrett said.
Magnite, Inc. (NASDAQ: MGNI) is a US-based advertising technology company formed after the merger between Rubicon Project and Telaria.
Overall, MGNI Ranked 10th On our list of stocks that are driving the market this week. Although we acknowledge the potential of MGNI 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 MGNI but have less than 5 times its earnings, check out our report The cheapest AI stock.
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.