We recently published a list of 10 Firms Lead Rally on Impressive Q1 Earnings, Optimistic Outlooks. In this article, we are going to take a look at where Bitdeer Technologies Inc. (NASDAQ:BTDR) stands against other top performers on Thursday.

The stock market ended strong anew on Thursday, with all major indices finishing in the green territory, as investor sentiment was bolstered by a flurry of corporate earnings supported by better-than-expected performance from the technology giants.

The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.52 percent. The S&P 500 clocked in a 0.63-percent gain, while the Dow Jones was up by 0.21 percent.

Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year.

In this article, we have identified the 10 top performers on Thursday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.Why Bitdeer Technologies Inc. (BTDR) Soared On Thursday

A construction team in a mining datacenter building work site with plans and equipment in hand.

Bitdeer Technologies Inc. (NASDAQ:BTDR)

Bitdeer Technologies snapped a three-day losing streak on Thursday, adding 6.37 percent to close at $10.18 apiece following news that it would release the results of its first quarter earnings performance in the second week.

The company is scheduled to announce the results before market hours on Thursday, May 15, 2025.

Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027.

In recent news, Bitdeer Technologies Inc. (NASDAQ:BTDR) received a $200 million credit line offer from Matrixport, a company similarly owned by its chairman, Jihan Wu, to support the Bitcoin miner’s 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 21, BTDR was already able to draw as much as $43 million from the credit line.

Overall, BTDR ranks 10th on our list of top performers on Thursday. While we acknowledge the potential of BTDR 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 BTDR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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