We recently published a list of These 10 Firms Soared Last Week, Here’s Why. In this article, we are going to take a look at where Wayfair Inc. (NYSE:W) stands against other firms that soared last week.

The past trading week saw a more calm, generally optimistic, market environment amid the temporary pause in tit-for-tat tariffs, buoyed further by a flurry of corporate earnings for the first quarter of the year.

On a week-on-week basis, the tech-heavy Nasdaq rallied the most, up 3.4 percent, followed by the Dow Jones with 3 percent, and the S&P 500 by 2.9 percent.

Beyond the major indices, 10 firms stood out, booking double-digit gains as high as 48 percent, thanks to better-than-expected earnings and outlook.

In this article, we name this week’s 10 best-performing mid-cap companies and detail 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. The stocks were chosen based on the highest percentage increase in closing prices on May 2 as against their prices a week earlier, or on April 25.

An elegant home décor with a stunning furniture piece, showcasing the company's premium online selections.

Wayfair Inc. (NYSE:W)

Wayfair grew its share prices by 15.08 percent week-on-week at $33.66 on Friday versus the $29.25 a week earlier as investor sentiment was boosted by a generally strong earnings performance in the first quarter of the year.

In a statement, Wayfair Inc. (NYSE:W) said it was able to narrow its net loss by 54 percent to $113 million from 248 million in the same period last year.

Net revenues, on the other hand, inched up by only $1 million to $2.730 billion from $2.729 billion year-on-year.

Looking ahead, the company said that the ongoing tariff policies would continue to be its key focus, especially as Wayfair sources a huge chunk of its products globally, including China.

“While there’s a lot of uncertainty in the broader economy, we have direct line of sight and strong conviction on what we need to do for both our customers and our suppliers,” said Wayfair CEO Niraj Shah.

Overall, W ranks 9th on our list of firms that soared last week. While we acknowledge the potential of W 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 W 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.