SoFi Stock Is Advancing Thursday: What's Driving The Move?

SoFi Technologies Inc (NASDAQ: SOFI ) shares are trading higher by almost 3% on Thursday as investors digest operational developments that expand the company’s lending footprint. SoFi Technologies shares are advancing steadily. Why is SOFI stock trading higher? What Is Driving SoFi’s Recent Growth?

SoFi recently launched SoFi Small Business Loans, offering fixed loans up to $250,000 with eligibility checks "within minutes" and funding as soon as 24 hours after approval, alongside zero application fees, zero origination fees, and no prepayment penalties. Separately, the company is getting extra visibility as a listed corporate backer tied to the Trump Accounts program, after the Treasury said nearly six million children have already enrolled and eligible children born between 2025 and 2028 can receive a $1,000 federal contribution.

SoFi’s brand lift from that program is getting louder as investors talk about the potential scale: one prominent backer projected $100 billion of additional private contributions over the next 12 months, while families, employers and others can add up to $5,000 annually via add up to the cap. 33), which keeps the short-to-intermediate trend pointed up after the May swing low. 13), and the death cross from March can still act like overhead friction on rallies. 56 is neutral, which typically signals the move isn’t stretched and still has room to build if buyers follow through.

MACD context also leans constructive, with the indicator above its signal line, which usually means upside pressure is improving versus the prior downswing. 00 — a nearby floor below the moving-average cluster that would be a key "line in the sand" if momentum cools SoFi Earnings Preview for July 2026 Looking further out, the next major catalyst for the stock arrives with the July 29, 2026 (confirmed) earnings report. 50. 38) — Despite today’s pop, the score suggests the stock hasn’t consistently outperformed on a trend basis.

08) — The scorecard is flagging growth as the core pillar supporting the longer-term bull case. The Verdict: SoFi Technologies’s Edge signal reveals a growth-heavy profile with comparatively weak momentum confirmation. For longer-term bulls, the setup improves if price can keep building above the short-to-intermediate moving averages while working toward the 200-day area. 25 at the time of publication on Thursday, according to Pro data.

Read Also: IBM Stock Drops After Report That Starbucks Is Using AI to Cut Its $400 Million Software Bill Image: Shutterstock