Why Bitdeer Technologies Inc. (BTDR) Soared On Thursday
We recently published a list of . 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.
A construction team in a mining datacenter building work site with plans and equipment in hand.
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.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
an hour ago
- CNBC
Google is primed for significant gains ahead. Using options to capture the potential pop
Alphabet (GOOGL) stands out as a compelling opportunity leveraging its dominant position in search, advertising and cloud services. With AI innovations and Google Cloud driving future revenue growth, its valuation positions GOOGL for significant upside. With implied volatility offering attractive premiums, this setup presents a compelling case for adding bullish exposure in a tech-driven market using options. Trade timing The timing for adding bullish exposure to GOOGL is optimal, as the stock recently broke above its $165 resistance level and recently pulled back to its $165 support. This has been coupled with a recent outperformance relative to the S & P 500 and offers an attractive risk-to-reward profile for adding long exposure. Fundamentals GOOGL trades at a compelling valuation compared to its industry, supported by superior growth and profitability metrics, reinforcing its investment appeal. Forward PE ratio: 17x vs. industry average 19x Expected EPS growth: 13% vs. industry average 13% Expected revenue growth: 11% vs. industry average 12% Net margins: 31% vs. industry average 9% Bullish thesis Market leadership and financial strength: GOOGL dominates search, advertising and cloud services, with Q1 2025 revenue up 12% year over year and Google Cloud growing 28%. AI and cloud growth drivers: Gemini 2.5 serves 1.5 billion monthly users and boosted ad revenues, while Google Cloud's 270 million paid subscriptions (YouTube, Google One) diversify income streams. Stock repurchases: A $70 billion stock repurchase and a 5% dividend hike to 21 cents per share, suggest strong management confidence. Timing: The pullback after a breakout above its $165 resistance level provides an optimal timing with strong risk to reward for upside exposure. The trade With the IV Rank of 22%, options are relatively inexpensive, and I'm buying an Aug 15 $165/$185 call vertical @ $7.28 debit. This entails: Buying the Aug 15 $165 call @ $9.90 Selling the Aug 15 $185 call @ $2.62 The maximum reward is $1,272 if GOOGL is above $185 at expiration. The maximum risk is $728 if GOOGL is below $165 at expiration. The breakeven point for this trade is $172.28. View this Trade with Updated Prices at OptionsPlay. This strategy positions you to benefit from GOOGL's leadership in AI and cloud growth, aligned with its fundamentals and timing using a call vertical with a strong risk/reward ratio. With its dominant position in tech, this trade offers a compelling opportunity to capture upside potential as the S & P 500 targets all-time highs and beyond. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Yahoo
an hour ago
- Yahoo
Chinese Marketing Company Aurora Mobile Plans to Adopt Crypto Treasury
Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments. The Shenzhen, China-based company's board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin BTC, ether ETH, Solana's sol SOL and sui SUI among other tokens, it said Wednesday. Aurora aims to "preserve and enhance asset value while supporting its strategy to expand market coverage," it said in a statement. In its latest quarterly earnings report, Aurora reported cash, cash equivalents and restricted cash totaling 113.6 million yuan ($15.8 million), suggesting it could invest some $3 million in bitcoin and other crypto. The strategy emulates that of multiple other companies that have revealed plans to acquire bitcoin in recent weeks. The company's shares jumped in pre-market trading following the announcement, trading nearly 10% higher at $ in to access your portfolio
Yahoo
an hour ago
- Yahoo
Best-Performing Dividend ETFs of 1H
The first half of 2025 has witnessed massive market turbulence, largely driven by the new Trump administration's aggressive trade policies. After hitting a record high on Feb. 19, the S&P 500 tumbled sharply, nearing bear market territory by April 8. However, markets rebounded strongly in recent weeks. SPDR S&P 500 ETF Trust SPY has gained about 1.7% in the first half, SPDR Dow Jones Industrial Average ETF Trust DIA has lost about 0.5%, the Nasdaq-100 ETF Invesco QQQ Trust, Series 1 QQQ has added about 3.3% and iShares Russell 2000 ETF IWM has retreated about 5.3% (as of June 20, 2025). The U.S. long-term bond market faced pressure in the early phase of 1H, along with equities. Fears of China's treasury selling, inflation risks amid trade war, chances of a less-dovish Fed, and basis trade unwind hit the bond market in early April (read: ETFs to Play Amid Long-Term Yields' Best Week Since 1982). Moody's has also downgraded the U.S. sovereign credit rating by one notch, citing concerns over the country's ballooning $36-trillion debt burden. This move, following similar actions by Fitch in 2023 and S&P in 2011, raised alarm among investors about the nation's long-term fiscal sustainability (read: ETF Strategies to Follow on Moody's Downgrade of U.S. Debt). The market bottomed on April 8, but optimism over trade negotiations, strong corporate earnings, easing inflation and AI momentum triggered a sharp rebound. Technology stocks, especially the "Magnificent Seven," led the rally, making it the fastest S&P 500 recovery since 1982 (read: S&P 500 Turns Green in 2025: ETFs to Buy on Upbeat Prospects). Economic data reflects a stable growth outlook. Consumer sentiment rose in June for the first time in six months, indicating easing concerns over inflation and tariffs. The job market remained strong, with 139,000 new jobs added in May and unemployment steady at 4.2%. Inflation trends continue to improve. May's Consumer Price Index rose just 0.1% year over year, bringing the annual rate to 2.4%. Core inflation remained flat at 2.8%, with monthly core prices rising only 0.1%, undercutting expectations. Despite recent optimism, investor sentiment remains fragile. The Israel-Iran conflict reignited geopolitical fears, and uncertainty around Trump's trade direction and interest rate policy continues to rattle markets. In late June, the United States also attacked Iran's nuclear infrastructure, triggering fears of large-scale unrest in the Middle East. Defensive assets like gold and silver have seen renewed interest amid this backdrop. SPDR Gold Trust GLD has surged 26.4% so far this year (as of June 20, 2025), while iShares Silver Trust SLV has advanced 21.5%. However, President Trump announced a ceasefire between Israel and Iran on June 23. The fragile ceasefire between Israel and Iran has appeared to hold, at the time of writing. In such a volatile market, dividend ETFs normally come to the rescue. The hunt for dividends in the equity market is always on, irrespective of how it is behaving. If investors are mired in a web of equity market uncertainty, global growth worries and geopolitical crisis, the lure for dividend investing increases further. Note that SPDR S&P Dividend ETF SDY (up 2%) topped SPY so far this year (as of June 20, 2025). Investors should note that not all dividend stocks serve the same purpose. While the high-yield ones are known for offering hefty current income, stocks with dividend growth point to quality investing, a prerequisite to making money in this volatile environment. Against this backdrop, below we highlight a few of the dividend ETFs that have topped the S&P 500 so far this year (as of June 20, 2025). International dividend ETFs showed strength this time around. First Trust STOXX European Select Dividend Index Fund FDD – Up 37.2% Global X MSCI SuperDividend EAFE ETF EFAS – Up 30.9% iShares International Select Dividend ETF IDV – Up 26.5% WisdomTree International High Dividend Fund DTH – Up 23.3% WisdomTree Europe SmallCap Dividend Fund DFE – Up 22.8% Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports iShares Russell 2000 ETF (IWM): ETF Research Reports iShares Silver Trust (SLV): ETF Research Reports SPDR S&P Dividend ETF (SDY): ETF Research Reports WisdomTree International High Dividend ETF (DTH): ETF Research Reports iShares International Select Dividend ETF (IDV): ETF Research Reports WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports First Trust STOXX European Select Dividend ETF (FDD): ETF Research Reports Global X Msci SuperDividend Eafe ETF (EFAS): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
