SoFi Technologies Inc. (SOFI) surged 5.05% in intraday trading, recovering sharply after a steep post-earnings decline in the prior session. The rally came as investors reassessed the company’s strong second-quarter results, which had initially been met with a nearly 9% selloff despite the positive earnings surprise.

The stock had already begun to rebound in pre-market trading, gaining about 1.5%, before extending gains throughout the session. The move suggests that market participants are now focusing on the underlying strength of SoFi’s quarterly performance, with analysts weighing in on the growth trajectory and improving member metrics.