We recently released a list 10 Unexpected Market Drivers - What drives double-digit growth? In this article, we will explore the position of Quidelortho Corporation (NASDAQ:QDEL) with other best-performing stocks on Thursday.

Stocks extended their winning streak Thursday as investors cheered Donald Trump's framework for a trade deal between the United States and the United Kingdom.

Among Wall Street's main indexes, Nasdaq High Technology has the highest appreciation, up 1.07%, followed by Dow Jones, up 0.62%, and the S&P 500 has risen 0.58%.

According to Trump, the Oval Office outlines the trade deal framework. Although imports from the UK will still retain a benchmark tariff of 10%, this may be the low end to reach with future countries.

"The final details are being written," Trump said. "We will get all the conclusions in the coming weeks."

Apart from the main indexes, 10 companies stand out, booking double-digit earnings in a range of new developments such as optimistic revenue guidance and impressive revenue performance. In this article, let’s explore Thursday’s 10 best performing stocks and elaborate on 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.

Scientists who observe molecular diagnostic test results.

Quidelortho's shares rose 41.04% on Thursday, up $36.46 after nearly eliminating its net loss in the year.

In a statement Thursday, Quidelortho Corporation (NASDAQ:QDEL) said its net loss shrank by 99% from $1.7 billion a year ago to $17 billion, despite revenue falling from $692.8 million from the same year.

The lag in revenue may be due to the steady performance of its non-respiratory income, at $573 million. Meanwhile, the outcome of respiratory income was $120 million, marking an 11% year-on-year increase.

Looking ahead, Quidelortho Corporation (NASDAQ:QDEL) expects revenue to range from $2.6 billion to $2.81 billion, with adjusted EBITDA ranging from $575 million to $615 million.

Over the entire year, the company also targeted the cost-reducing action to make a tariff impact of $30 million to $40 million.

Overall, Qdel Ranked third On our list of the best performing stocks on Thursday. Although we acknowledge the potential of QDEL as an investment, our belief is that AI stocks have higher returns in a shorter time frame and offer greater hope 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 QDEL but have less than 5 times its earnings, check out our report Cheapest AI stocks.