EchoStar Corp. (SATS) surged by 108.61% in just five trading days due to a $23 billion spectrum license sale to AT&T, resolving regulatory issues. The stock hit a new all-time high of $61.87 before closing at $61.79 on Friday.

Investor optimism was fueled by EchoStar’s agreement with AT&T and President Trump’s intervention in a regulatory dispute. The stock’s performance outshines other potential investments including AI stocks.

While SATS shows potential, other AI stocks may offer higher returns with limited downside risk. For more investment insights, check out our report on the best short-term AI stock.

Read more at Yahoo Finance: EchoStar Corp. (SATS) Rockets 108% as Billion-Dollar Deal Stamps Out Bankruptcy Fears