10 Firms Kick Off Shortened Trading Week With Impressive Gains

The stock market kicked off the shortened trading week on a positive note, with all major indices finishing in the green territory as investors continued to monitor more corporate earnings results.

The S&P 500 led the charge among its peers, recording a modest 0.24 percent gain. The Dow Jones and the tech-heavy Nasdaq were similarly up, albeit posting lackluster gains of only 0.02 percent and 0.07 percent, respectively.

In comparison, 10 companies delivered stronger performances thanks to continued investor confidence. One company in particular stood out for jumping more than 100 percent in just two trading days.

To come up with Tuesday’s top performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A man holding a tablet seen analyzing stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels

10. Nebius Group N.V. (NASDAQ:NBIS)

Technology firm Nebius Group N.V. (NASDAQ:NBIS) extended its winning streak for a third day on Tuesday, adding 8.05 percent to close at $48.07 apiece, as investor sentiment was fueled by Nvidia Corp.’s (NASDAQ:NVDA) investment in the company, while repositioning portfolios ahead of the release of its earnings performance on Wednesday, February 20.

Since last week, funds started flocking to NBIS following news that NVDA, a key player in bolstering the Artificial Intelligence industry, announced that it had acquired a 0.3-percent stake in NBIS. The giant chipmaker’s investment boosted investor confidence on expectations of bright business prospects for the company.

Headquartered in Amsterdam, The Netherlands, NBIS is a technology company offering AI infrastructure such as computing, storage, platforms, and tools and services for developers.

9. Grab Holdings Limited (NASDAQ:GRAB)

Transport network giant Grab Holdings Limited (NASDAQ:GRAB) grew its share prices by 8.16 percent on Tuesday to close at $5.3 apiece as investors cheered news of potential tax rebates from the Singapore government.

On Monday, Singapore Prime Minister and Finance Minister Lawrence Wong announced that companies, including GRAB, will receive a 50-percent corporate income tax rebate in 2025 amid robust corporate and consumption tax revenues.

This year’s budget included various spending initiatives on infrastructure investments to consumer vouchers, all of which were aimed at strengthening the economy against global trade challenges while supporting citizens amid higher living costs.

Eligible firms, even if not profitable, will also receive a cash grant between $1,500 to $2,000. The total benefit that a firm can receive will be capped at $40,000.